BUSN20019 Professional Project Essay Is Essential For Academic Success.

The inclusion of the foreign employment is the dramatically increased in the Nepal. The GDP of the Nepal has been increased to 30% by sending of remittances to different nation. In this paper we are going to research on the impact of remittances and emigration of people from the country on the economy and social factor of the nation. The GDP is used for knowing the positive or the negative effect of foreign employment of the nation.

The deployment of the authentic statistics is the major issue exist with the foreign employment in Nepal. The handsome amount of remittance is not send by the emigrant to their family which does not able to improve the standard living of the family and does not aid to the nation economy. The gender empowerment creates a problem for the foreign employment (Munshi, 2015). The remittance helps in overcoming the poverty of the family members. The living standard of the people can be improved. The young generation can go to school for getting better education to enlighten their coming future which helps in aiding growth of the nation economy.  It foreign employment plays the role of the development of the money transfer market. The transfer of money helps in improving the financial status of the family. The appropriate policies should be used for defining the remittance of the emigrant employees who are living far away from their family to overcome the problem of poverty to their dear ones (Sijapati, 2017). The reviewing of the remittance helps in analysing the effect of it on the economic condition of the country.

The remittance is defined as the income earned by the individual from the foreign employment policies. The transfer of money from the foreign country added value to the nation economy. It is the monetary transaction which helps in improving the condition of the family in the difficult time of their living.

The privilege is given to the foreign employees to ensure the source of potential income to improve the financial condition of the family. The remittance income can be reviewed to analyse the emotional attachment with it. 0.5% GDP can be improved with the help of remittance income. The new opportunities should be provided for the personal consumption of the remittance. The remittance plays a vital role of insurance in improving the living condition of the employees. The strategies should be developed for knowing the economic crisis of the household members. It is the method of investing into the foreign counties for the inclusion of foreign currencies into the hometown country (Ramakrishnan, 2015). The foreign employees send money to their loved ones to live the standard life of living. The financial services can be enhanced with the development of new opportunities by gaining the access of remittance (Shrestha, 2016). The development of the new policies and standards helps in bringing social changes through the medium of the remittance. The behaviour of the employees should be judged by analysing the flow of monetary terms.  

In this paper we are going to analyse the impact of remittance provided to the family members in improving the living standard of the household and it effect on the growth of nation economy.

The research questions which are undertaken to carry out the research are:

• What are the returns of economy associated with the migration of individuals?
• What impact can be seen in livelihood of the migrant people?
• What are the effects of migration on the migrant families?
• What are the factors responsible for emigration?
• What are the aspirations associated with the social and economic shifting of the people?

The social and the cultural life of the people get affected due to the emigration into different countries. It is difficult for the individual to change its working tactics according to the requirement of the other countries (Dahal, 2014). The handsome amount of money can be earned which results into the inclusion of foreign currency in the country. The 31% of the emigrants are attracted towards the strategies of the foreign employment in Nepal (Machamasi, 2015). The remittance helps in overcoming the poverty of the family members. The living standard of the people can be improved. The young generation can go to school for getting better education to enlighten their coming future which helps in aiding growth of the nation economy (Davis, 2016). The social status of the poor people can be completely transformed with the inclusion of remittances earned by their family members. The new opportunities of employment opens the door of education for the upcoming generation and the living standard of the poor people can be improved which have a positive effect on the social and economic condition of the nation (Samad, 2015). The strategic plan should be developed for filling the gaps in the financial system of the Nepal. From the analysis of the literature review, we concluded that the effects of migration can be seen on:

• Local Distribution: It helps in analysing the return of economy associated with the migration of the people (Eversole, 2013). The effects of remittances can be seen on the livelihood of the people earned to sustain their family. It helps in managing relationship between different nations. The focus should be given on the social differentiation which occurs due to the immigration of people from different nations of cultural difference.
• Cross country association: The association of the cross country helps in developing new approaches for the financial growth of the individuals, its family members, and ultimately the economic growth of the country (Gautam, 2013).
• It helps in expanding the range of commerce between the different nation which aids value to the economy of the nation by increasing its GDP.

It is profitable to include emigrant because it has been analysed from the research that the investment is lower than the profit earned by the handsome amount of income earned by the emigrants in the form of remittance given to their family member to make livelihood. The standard of living of the house hold can be improved by performing renovation of the house, education provided to the children, fulfilling daily requirement with the remittances which in turn works in the direction of improving economic growth of the country (Rajnikarnikar, 2010). The strategic plan should be developed for filling the gaps in the financial system of the Nepal. The employees are gets attracted towards the foreign policies of the nation to improve their living condition. The stability of the economy can be improved at macro level with the inclusion of money through remittances. The smooth functioning of the investment can be achieved with the efficient utilization of the remittances in fulfilling the daily needs of the family. The economy of the nation can be improved by gaining remittances from the sector of agriculture, tourism, water, and investment. The poverty of the Nepal can be reduced and minimized by solving the daily requirement of the people with the amount of money earned from the remittance. It has been evaluated that about 33% of the income is earned through the remittances sources of income.

The qualitative and quantitative approaches are used for examining the research study on the socio-economic impact on the remittance of the Nepal. The three stages are constructed for underlying the research study. The preliminary stage is developed for analysing the changes occurred in the economic and social impact. It helps in finding the earning of the livelihood due to the emigration of the employees. The survey, interviews, and questionnaires are conducted for clearly identifying the patterns of emigration and its effects on the growth of the nation GDP. The second stage is comprised of non-probability survey which is used for determining the effects of emigration on the livelihood of the family members. It focuses on the people to know their aspirational value associated with the effect on nation economy (Muszynska, 2012).

The data collection techniques help in harmonizing the research study in the right direction for analysing the effects of the remittance on the development of the family and nation.

Quantitative Approach:

The surveys have been conducted for determining the socio economic impact on the growth of the nation GDP to determine the economic growth of the country (Hoermann, 2009). The following table shows the number of respondent participates in the survey for determining the actual facts of the research study (Source: Tuladhar, R. Effects of migration and remittances)..

Qualitative Research:

The qualitative approach focuses on determining the relationship between local people and emigrants, positive and negative effect on the nation economy. It helps in developing economic aspiration in the emigrant’s people. The primary sources which are used for collecting data are interviews, questionnaire, surveys, observation, and focused group (Tuladhar, 2014). The interviews had been arranged with the local people to know the real facts about the advantage of remittances (Source: Tuladhar, R. Effects of migration and remittances)..

The interview questions which are used for collecting data depends on the following areas:

• Use of remittance in managing the educational status of the family members.
• The status of employment had been changed for the family
• The sectors which often requires the emigration of the employees
• Factors responsible for emigration of the individual

It has been analysed that the income received from the remittance helps in carrying out the household activities of the family members such as education, food, and etc. The GDP of the nation can be improved with the income earned as remittance of the individual. The foreign opportunities open the door for the youth for employment. The social relationship between the nations can be improved by giving privilege to the remittance of the individual to the foreign nation. The standard of living of the family members is improved with the money earned. With the analysis of the data collected through quantitative and qualitative methodology, we conclude that the number of emigrants going for foreign employment in increasing in the last decade of years (Phuyal, 2014). The following graph shows the trend of emigration (Source: Tuladhar, R. Effects of migration and remittances).

The rate of remittances is also increases with increment of foreign employment. In the year of 2002 and 2003 it was only 54 billion but with the increasing amount of foreign employment result the remittances to be grow to the 430 biillion (Source: Sijapati, B. Labour migration and the remittance economy: The socio political impact. Asia pacific journal of public administration, 13 (14).

The return of money helps in analysing the economic condition of the family. It has been analysed that the income of remittances is used for performing the activities like generation of income, saving, investment on buying the land, repairing and renovation of the house, daily consumption activities, educational purpose, and providing value to the household activities (Dhungana, 2014). The policies and framework have been developed by the government of the Nepal to highlights the strategies used for deploying the foreign employment policies within the working culture of the organization. The planning of the foreign employment helps in raising the sources of income to overcome the problem of poverty.

• The international market helps in identifying and promoting new opportunities for encouraging employment to open the new source of income.
• The skills and capabilities of the human resources can be enhanced by the inclusion of foreign employment within the working culture and legal framework of the nation.
• The process of indulging emigration helps in bringing transparency in the sources of income for the growth of the family.
• The remittance plays a vital role in improving the living condition of the employees and their family members.
• The loans of the individuals can be cleaned up with the amount of money earned as remminance.
• The formal migration of the employees involves the cost incurred on providing transport and housing facility to the emigrants.
• The resources can be optimally used
• The requirement of the government and the stakeholder can be completely fulfilled.
• The processing of the activities can be solved with the emigrants of the employees.
• The rights of the workers should be protected by clearing the notification of the jobs and approval of the appointment letters
• The complaints of the emigrant employees should be taken under consideration by the home country.
• The confirmation of the job letter helps in overcoming the problem of fraud.
• The market analysis should be done for sharpening the skills and talent of the employees according to the international market need
• The safe, secured, and healthy working environment should be provided to the workers.

The following table shows the percentage of people who preferred to go for foreign employment according to their ages.

The following table shows the earning of the family members to make their livelihood. In the graph below we can analyse that about 33% of the livelihood income is from remittance which is earned by sending their loved ones to the foreign country to earn handsome amount of money (Source: Sijapati, B. Labour migration and the remittance economy: The socio political impact. Asia pacific journal of public administration, 13 (14).

The graph below shows the permission of emigration provided to the employees ((Source: Sijapati, B. Labour migration and the remittance economy: The socio political impact. Asia pacific journal of public administration, 13 (14).:

The discrimination between the gender for the emigrant employees takes place which can be predicted from the graph below ((Source: Sijapati, B. Labour migration and the remittance economy: The socio political impact. Asia pacific journal of public administration, 13 (14):

From the graph below it can be estimated that the GDP of the nation increases in the last decades due to the remittance earned by the employees while working in different countries (Source: Davis, J. Migration remittances and nutrition outcome of left behind children. International Journal of economic and finance, 10(13)).

The inclusion of foreign exchange and currency in the Nepal helps in raising the GDP ratio of the country (Ajaero, 2013). The change in currency helps in increasing the economic growth of the country. The higher economic growth can be estimated from the graph below (Source: Davis, J. Migration remittances and nutrition outcome of left behind children. International Journal of economic and finance, 10(13)).

The earning of the country is increased with the inclusion of foreign currency with the help of remittances provided to the household members of the family (Pandit, 2014). The remittance helps in filling the gap exist between the inclusion of the foreign exchange which works on increasing values to the economic standard of the Nepal.

From the undertaking of the research study, we are able to identify the factors responsible for the emigration of the individual. The factors are classified into two categories which are named as Push factors and Pull factors. The push factor comply the employees to emigrant to the foreign country due to the poor living standard of the families (Kamutela, 2012). The emigration gives the potential insurance about the remittance which can be earned by the individual to improve the living condition of the family and which in turn helps in aiding value to the economic sector of the country. The daily requirement of the family members can be fulfilled with ease. The education can be provided to the young ones to make their bright future. The health of the family can be improved by overcoming the problem of malnutrition. The pull factor is responsible for attracting individual towards the foreign employment. It helps in expanding the range of commerce between the different nations which aids value to the economy of the nation by increasing its GDP. The 31% of the emigrants are attracted towards the strategies of the foreign employment in Nepal. The handsome amount of money can be earned which results into the inclusion of foreign currency in the country. The sectors which often require the emigration of the employees are classified as agricultural sector, industrial sector, banks, and business sector.

The first question of the research focuses on the return on investment which is term of remittances i.e. handsome amount of money can be earned which results into the inclusion of foreign currency in the country. The economy of the nation can be improved by gaining remittances from the sector of agriculture, tourism, water, and investment. The poverty of the Nepal can be reduced and minimized by solving the daily requirement of the people with the amount of money earned from the remittance.

The second research question focuses on the impact of livelihood earned by the migrants individual. It has been analysed that the income of remittances is used for performing the activities like generation of income, saving, investment on buying the land, repairing and renovation of the house, daily consumption activities, educational purpose, and providing value to the household activities.

The effects of the migration on the family members can be determined with the change of living standard noticed. The problem of poverty can be resolved.

The push and pull are the factors and aspiration associated with the adoption of emigration for the growth of the family and nation.

The data collected from survey is not checked and tested to ensure the reliability of the data to carry out the research study (Deve, 2014). The analysis of the data should be properly performed to analyse the different behaviours and thoughts of the participants who have taken part in the interview. The documentation of the interview is not properly structured. It is difficult to analyse the status of income earned by the foreign employees.

The remittance helps in overcoming the poverty of the family members. The living standard of the people can be improved. The young generation can go to school for getting better education to enlighten their coming future which helps in aiding growth of the nation economy. It is recommended that the reforms of foreign employment should be developed by the government of Nepal. The protection and security measures should be provided to the emigrant workers. The labour commission should effectively work on resolving the foreign issues of the working employees. The legal and technical training should be provided to the internal workers to prepare them for working in the global market by sharpening their skills and talent according to the demand of international market. The foreign policies should be promoted among all genders of the country to resolve the issues of gender discrimination. The remittances help in identifying the growth of the nation GDP in the international global market. The potential skills of the employees should be predicted for fulfilling the requirement of the global market and improves the financial standard of the home nation.

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