The Threat of the Global Financial Crises on the Remittances of Tajik Migrant Workers and the Impact on the Economy and Internal Stability of Tajikistan (Name (Course Title (Name of Supervisor )Background to the Topic While the impact of the global economic crisis have been felt in the advanced industrialized countries , the ripple effect is still starting to be felt in developing regions including Central Asia . The vulnerability of the countries in Central Asia to the impact of the global economic crisis is largely due to high levels of economic dependence on remittances from migrant workers concentrated in Russia .The economic slowdown of Russia and other foreign countries with significant migrant workers from Central Asia led to unemployment of migrant workers resulting in the decline of remittances . This in turn caused the slowdown of the Central Asian economies dependent on remittances as source of aggregate income . Tajikistan is one country in Central Asia with a high degree of vulnerability to the decline in remittances . Remittances from migrant workers comprise 36 percent (International Labour Organization , 2008 ) to 45 percent (Klare , 2009 ) of Tajikistan ‘s gross domestic product . This makes Tajikistan one of the Central Asian countries highly reliant on migrant worker remittances . The fiscal situation of Tajikistan is moving towards continuing deficit (Jardaneh , 2009 . The slowdown in the domestic economy of Tajikistan has a strong impact on business . The decrease in household income influences domestic consumption , which affects both local industries and imports . The global decline in demand also adversely affects…