Remittances: funds sent by migrants to support family members or others in their home

country.
Foreign Exchange:

 Foreign exchange, is the conversion of one country's currency into

that of another.
 The definition of a foreign exchange is the exchange of one
currency for another by governments, businesses and residents in
two different countries. An example of foreign exchange is a U.S.-
based company doing business with a company in Japan and
paying them in U.S. currency

Brain Drain: migration of educated, skilled or professional people to another country.

Downgrading Occupation:
 To lower the status, rank, or salary of
 To minimize the importance, value, or reputation of
 Job competition between workers has important implications
for “downgrading” and “bumping down”. To account for these
phenomena, a matching model is considered in which highly
educated and poorly educated workers compete for skilled jobs.
An exogenous increase in the proportion of highly skilled
workers increases the proportion of these workers in low-level
jobs (downgrading).