Role of Remittance to Communities Economic Security of Chandragiri Municipality
Date
2019
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Department of Security Development and Peace Studies
Abstract
The substantial number of Nepali youths leaves the country seeking opportunities to
overseas. Most of these migrant labors are in the Gulf countries, Malaysia, Korea and
Japan totaling to 4.5 million. The remittance plays significant role in economic security
of the developing countries like Nepal. The outcome of remittance increases the income
level of the households as well as society at large. The social contribution of migration is
encouraging in terms of improving health, children’s education and food. Remittance has
increased the living standard of the recipient households by reduced the poverty and
providing the various economic opportunities in the nation. It contributes 25% of the
GDP in the national economy at presently. There has been a rapid increase in remittance
inflows in Nepal since the last decade however the numbers of migration people are
slightly decreasing since 2015. The research is descriptive using quantitative and
qualitative data in the analyses and interpretation in the present thesis report. The
Interview is the primary source of information supported by secondary quantitative data
sources.
The research finding indicates that the role of remittance in economic security of Nepal
is significant. Even though major part of remittance is being used fueling “consumerism”
and marketization of the society with in non-productive sectors such as investment in
speculative real estate transaction. However, some positive impacts of remittance are in
health education and livehoods consequences at the community level. Heuristically,
Nepal youths mobilized in the development of other countries is neither amenable at
present nor positive when citizens fail to achieve intended goals and met by hostilities in
the working environment and degradation of health and socio-psychological outcomes.
Such realities cannot be addressed by the immediate remittance outcome for the holistic
development of individual and their respective communities. The Government of Nepal
has not been able to use remittance in productively nor have developed future plans
creatively to address the concerns of the returnees. Limited understanding of migrant
workers and increases national economy of the country does not justify the future needs
and the wants of people and communities. Government of Nepal should bring
appropriate plan and policy to make the foreign employment holistic with future goals
relevant to the aspiration of the people for sustained development through “well-being”
of labors seeking employment overseas to improve livelihoods in general.
Description
Keywords
Communities economic, Economic security