RCIS

Abstract:

The purpose of the study is to develop effective strategies to overcome poverty by optimizing migration processes and addressing demographic challenges in the context of current global changes. The research methodology was determined by the systematization and analysis of 16 empirical studies, summarizing the findings of 12 critical sources, and comparative analysis of migration processes and economic indicators using the latest data from 2023-2024. A typology of countries has been developed according to the effectiveness of poverty reduction through migration processes and eight main migration corridors have been analyzed for their impact on poverty reduction. The results showed concrete mechanisms for poverty alleviation: poverty reduction by 11 percentage points in Uganda, 6 percentage points in Bangladesh, and 5 percentage points in Ghana due to migrant remittances. It was found that the lower the fertility rate in a country, the higher the immigration rate, which is 2.3 times higher, creating opportunities to use the demographic dividend to overcome poverty. The critical role of the cost of remittances is revealed: a reduction from the current 6.4% to the target 3% could increase the net amount of remittances by $23 billion annually, which would directly contribute to the poverty alleviation of 15-20 million households globally. The methodological approaches are systematized, with a predominance of quantitative methods (71% of studies) and underrepresentation of sub-Saharan Africa (12% of studies, where 67% of the world's poor live). The results demonstrate that migration can be a powerful tool for achieving Sustainable Development Goal 1, Eradicate Poverty, provided that evidence-based strategies are implemented, the cost of remittances is optimized, and international efforts are coordinated.

Keywords:

migration; migration process; migration policy; poverty alleviation; remittances; digitalization of remittances; economic development; social integration; state regulation.

DOI: https://doi.org/10.33788/rcis.90.8

Download: Social Stability through Economic Equality and Demographic Response