Update: Read transcript here.

About 3 percent of the world’s people are international migrants, living outside their country of birth for a year or more. Two-thirds of these migrants leave developing countries for developed or other developing countries, and the remittances they send home—around $325 billion in 2010—are larger than total official development aid.

The 2008-2009 recession slowed migrant entries into developed countries but did not lead to large-scale returns. International migration is increasing, making the management of migration an ever greater concern. Martin’s latest PRB web article, “Remittances, and the Recession’s Effects on International Migration,” is an update of his 2008 Population Bulletin, “Managing Migration: The Global Challenge.” In a PRB Discuss Online, Philip Martin, professor of agricultural and resource economics at the University of California, Davis, answers questions from participants about remittances; and the recession’s effects on international migration.