BROADCASTS.com

b'Remittances to developing countries in Asia help improve their economies with the net gains from exporting labor, and improve the lives of the poor people forced to work overseas\\u2014often for decades\\u2014because jobs are lacking at home.\\n\\nA small gain in the contribution of remittances to gross domestic product has led to huge declines in poverty in 10 developing countries, notably Bangladesh, India, Nepal, Pakistan, and Sri Lanka in South Asia; and the People\\u2019s Republic of China, Indonesia, Malaysia, the Philippines, and Thailand in East and Southeast Asia.\\n\\nA 1% rise between 1981 and 2014 parallels with a 22.6% decline in the poverty gap ratio and a 16.0% decline in the poverty severity ratio\\u2014taking into account the average poor household\\u2019s spending and the minimum income needed to pay for basic everyday needs.\\n\\nRead the transcript\\nhttp://bit.ly/2xtH4Do\\n\\nRead the blog post\\nhttps://www.asiapathways-adbi.org/2017/08/international-remittances-and-poverty-reduction/\\n\\nRead the working paper\\nhttps://www.adb.org/publications/international-remittances-and-poverty-reduction\\n\\nAuthors\\nNaoyuki Yoshino is the ADBI dean\\nhttps://www.adb.org/adbi/about/dean\\n\\nFarhad Taghizadeh-Hesary is a professor of economics at Keio University, Tokyo\\nhttps://www.asiapathways-adbi.org/author/farhad-taghizadeh-hesary/\\n\\nMiyu Otsuka is a graduate student of economics at Keio University, Tokyo, and Science Po University in Paris\\nhttps://www.asiapathways-adbi.org/author/miyu-otsuka/\\n\\nKnow more about ADBI\\u2019s work on remittances\\nhttp://bit.ly/2zb1wpK'