Thus, the surge in remittances is not a natural phenomenon and hoping for it to continue is not likely to be the case. Job cuts are quite frequent in many of the host countries, and as a result, the number of returnees is increasing. In Bangladesh, till December last, around three hundred thousand expatriate workers …
Many economists, also outside the WTO, warn that the notion that less interdependence makes economies more resilient is wrong: autarky in food and other essentials would make countries more, not less, vulnerable to the economic consequences of localised crises such as droughts, hurricanes and earthquakes. Supply chain diversification, a more reasonable objective, would be better …
What is alarming for the returnees is the utter lack of assurance whether they, even after a long time lag, can get back to work in those countries — in post-Corona times. While rehabilitating the economies would be the prime concern of the host countries — that too, with cautious spending, jobseekers from Bangladesh might …
Deported ex-pat workers take the brunt: Bangladesh scenario Read More »
