Saturday, June 20, 2009

signs of reverse migration = reversal of globalization

Signs of reverse migration from urban to rural areas have started to appear. This is a significant reversal for Globalization.

The UN warns that poor people living in cities will probably face the most severe problems in coping with the global recession, because lower export demand and reduced foreign investment are likely to hit urban jobs harder.Many migrants to urban areas would be likely to return to rural areas, it added, transferring the burden.

Incomes have also dropped "substantially" in some developing countries where families depend on remittances from relatives working abroad.With the financial crisis hitting all parts of the world more or less simultaneously, developing countries have less room to adjust, the UN agency says.



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