Experian and Hong Kong-based charity Enrich jointly presented a Market Intelligence Report on migrant domestic workers entitled ‘The Value of Care’
Experian, the world leader in information services, and Hong Kong-based charity Enrich jointly presented 'The Value of Care: Key Contributions of Migrant Domestic Workers to Economic Growth and Family Well-being in Asia', a report that comprehensively calculates, for the first time, the economic contribution of migrant domestic workers in Hong Kong, Malaysia and Singapore. We also take a closer look at how financial education and inclusion can bring significant impact and facilitate more empowering experiences of migration.
Key highlights of the report include:
- Economic Contribution of MDWs to the recipient countries in 2018
- How do MDWs fill the care gap in the Asia Pacific region, in response to an increasing demand for paid domestic work?
- How do MDWs allow many women to participate in the workforce, thus indirectly contributing to the recipient country’s GDP?
- Bank account ownership of MDWs in the recipient countries and high level of indebtedness among MDWs
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