Studies show that the flow of remittances to T&T is one of the major benefits of migration to local households. Also, 29.4 percent of respondents admitted to sending remittances only “in emergencies or on special occasions”, International Organisation of migration, Jewel Ali. At times countries are faced with economic problems for e.g. lack of financial resources to pay employees leading to retrenchment, which may then lead to poverty of individuals, therefore one is left without an option but to seek better opportunities externally to assist with the situation at home as the wiser ones may say, you go where the grass is greener”. If you take a bird’s eye view on the other side, with the booming energy sector in Trinidad and Tobago it has developed a magnet for many in search of employment, particularly those of the external countries. Tourism has also played a role in Trinidad and Tobago however, due to the lack of domestic labor being supplied internally, workers from other countries, example; Venezuela, Jamaica or Guyana took the opportunity to fill in the gap. Therefore it shows that remittance affects the country both ways when migration takes place externally and internally. Based on the skills of educated persons both countries can have competitive advantages through
Studies show that the flow of remittances to T&T is one of the major benefits of migration to local households. Also, 29.4 percent of respondents admitted to sending remittances only “in emergencies or on special occasions”, International Organisation of migration, Jewel Ali. At times countries are faced with economic problems for e.g. lack of financial resources to pay employees leading to retrenchment, which may then lead to poverty of individuals, therefore one is left without an option but to seek better opportunities externally to assist with the situation at home as the wiser ones may say, you go where the grass is greener”. If you take a bird’s eye view on the other side, with the booming energy sector in Trinidad and Tobago it has developed a magnet for many in search of employment, particularly those of the external countries. Tourism has also played a role in Trinidad and Tobago however, due to the lack of domestic labor being supplied internally, workers from other countries, example; Venezuela, Jamaica or Guyana took the opportunity to fill in the gap. Therefore it shows that remittance affects the country both ways when migration takes place externally and internally. Based on the skills of educated persons both countries can have competitive advantages through