Affiliation:
1. National Economics University, Hanoi, Vietnam
2. Foreign Trade University, Hanoi, Vietnam
Abstract
Globalization has led to significant changes in economies and societies worldwide, particularly in the Asia-Pacific region where labor migration drives economic growth. Migrant workers, valued across various sectors, play a key role in regional development by sending remittances that support families’ essential needs and entrepreneurial endeavors. Countries have simplified immigration procedures and enacted protective measures to attract and retain foreign labor, but challenges such as job displacement and balancing the rights of migrants with those of domestic workers persist. Research on the impact of labor migration on economic development in the Asia-Pacific region is crucial in addressing these complexities. Therefore, this article will focus on elucidating the theoretical foundations and practical aspects of labor migration while examining the correlation between labor migration and economic development in the countries within the Asia-Pacific region. The main purpose of the study is to elucidate the general migration context of the Asia-Pacific region and clarify it by conducting a deeper analysis of some representative countries in the region. Additionally, the study aims to elucidate the relationship between labor migration and economic development in this area. The results reveal that labor migration has a positive impact on economic growth through remittances.
Publisher
Federal Center of Theoretical and Applied Sociology of the Russian Academy of Sciences (FCTAS RAS)
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