The paper focuses on the broader phenomenon of international economic migration, thus directly addressing one of the two global compacts — that on safe, orderly and regular migration — proposed as an outcome of the UNGA Summit on Large Movements of Refugees and Migrants, September 19, 2016....

Officially recorded remittance flows to developing countries reached an estimated $401 billion in 2012, growing by 5.3 percent compared with 2011. Remittance flows are expected to grow at an average of 8.8 percent annual rate during 2013-2015 to about $515 billion in 2015. Employment conditions...