The Political Economy of Global Remittances

The Political Economy of Global Remittances PDF Author: Rahel Kunz
Publisher: Taylor & Francis
ISBN: 1136724087
Category : Political Science
Languages : en
Pages : 253

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Book Description
Over the last decade, a new phenomenon has emerged within the international community: the Global Remittances Trend (GRT). Thereby, government institutions, international (financial) organisations, NGOs and private sector actors have become interested in migration and remittances and their potential for poverty reduction and development, and have started to devise institutions and policies to harness this potential. This book employs a gender-sensitive governmentality analysis to trace the emergence of the GRT, to map its conceptual and institutional elements, and to examine its broader implications. Through an analysis of the GRT at the international level, combined with an in-depth case study on Mexico, this book demonstrates that the GRT is instrumental in spreading and deepening specific forms of gendered neoliberal governmentality. This innovative book will be of interest to students and scholars of political science, international relations, sociology, development studies, economics, gender studies and Latin American studies.

The Political Economy of Global Remittances

The Political Economy of Global Remittances PDF Author: Rahel Kunz
Publisher: Taylor & Francis
ISBN: 1136724087
Category : Political Science
Languages : en
Pages : 253

Get Book Here

Book Description
Over the last decade, a new phenomenon has emerged within the international community: the Global Remittances Trend (GRT). Thereby, government institutions, international (financial) organisations, NGOs and private sector actors have become interested in migration and remittances and their potential for poverty reduction and development, and have started to devise institutions and policies to harness this potential. This book employs a gender-sensitive governmentality analysis to trace the emergence of the GRT, to map its conceptual and institutional elements, and to examine its broader implications. Through an analysis of the GRT at the international level, combined with an in-depth case study on Mexico, this book demonstrates that the GRT is instrumental in spreading and deepening specific forms of gendered neoliberal governmentality. This innovative book will be of interest to students and scholars of political science, international relations, sociology, development studies, economics, gender studies and Latin American studies.

Migrant Remittances and Development in the Global Economy

Migrant Remittances and Development in the Global Economy PDF Author: Manuel Orozco
Publisher: Lynne Rienner Pub
ISBN: 9781588268716
Category : Political Science
Languages : en
Pages : 249

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Book Description
Manuel Orozco moves beyond the numbers to provide a uniquely comprehensive, historically informed overview and analysis of the complex role of migrant remittances in the global economy. How do patterns of migration and remittances differ across regions? What kinds of regulatory and institutional frameworks best support the contributions of remittances to local development? What has been the impact of remittances on migrants and their families? Drawing on empirical data from five continents and firmly grounded in theory, Orozco¿s work reflects the evolution of our understanding about the importance of migrant remittances and the policies that govern them.

The Political Economy of Remittances

The Political Economy of Remittances PDF Author: Roy Germano
Publisher:
ISBN:
Category :
Languages : en
Pages : 338

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Book Description
Why do international migrants send money home? What are the implications of these monetary flows for developing countries? Long debated by economists and sociologists, these questions have received very little attention in the political science literature. This dissertation argues, however, that remittances--money sent home or "remitted" by international migrants--have significant implications for the study of politics. My main contention is that international migrants assume a more significant welfare burden when their home government's commitment to social insurance provision is in decline. Remittances, in other words, flow to compensate non-emigrating citizens for state retrenchment and the absence of a robust welfare state. I argue that this "transnational safety net" makes remittance recipients (RRs) less vulnerable to economic instability than neighbors who do not receive this money. All else equal, RRs should be more contented with their economic circumstances and have fewer economic grievances with which to politicize. The income-stabilizing and insurance effect of remittances, then, should reduce public pressure on the state, leaving RRs less motivated to mobilize against and punish incumbents for a poor economy when public safety nets are weak. Evidence comes from an original survey of 768 Mexican households, field interviews, and time-series data published by the Bank of Mexico. Statistical tests reveal that Mexicans abroad remit more to families that do not receive social benefits and send roughly $2.5 million more home for every $10 million reduction in spending on social programs by the Mexican government. Analyses furthermore reveal that despite being very poor on average, RRs tend to enjoy higher levels of income stability, are less likely to identify an economic matter as "the most important problem facing Mexico," and make more positive and optimistic assessments of the national economy and their own financial circumstances. In the 2006 Mexican presidential election, I find that RRs were up to 15 percent more likely to stay home on election day at the expense of the primary opposition party and significantly less likely to punish the incumbent party with a vote for either of the major opposition parties if they did vote.

Move, Work, Save, Send: The Political Economy of Migration & Remittances

Move, Work, Save, Send: The Political Economy of Migration & Remittances PDF Author: Jesse Acevedo
Publisher:
ISBN:
Category :
Languages : en
Pages : 202

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Book Description
This three-paper dissertation is about the relationship between remittances and political institutions in developing countries and how institutions shape emigration flows. I build on the political economy, democratization, and international migration literatures to theorize the political consequences from remittances. Drawing on underutilized surveys and extant cross-national databases, I show that remittance inflows alter citizen preferences on redistribution as well as government spending patterns on health and educational outcomes. In addition, I find that institutional quality in migrant-sending countries shapes emigration lows in times of economic crisis. My findings add to established theories of government redistribution, which are largely based on wealthier, industrialized countries, and the nascent field on the political economy of remittances. The first paper analyzes how remittance recipients view the role of the state and how citizen attitudes change due to fluctuations in remittance income. I use survey data from the most remittance-dependent countries in Latin America to see how preferences for redistribution changed during the course of the Global Financial Crisis of 2008-2009. With the United States as the main source of remittances, the recession had ripple effects in Latin America. I find remittance receivers are more likely to favor redistribution policies following the economic crisis than before 2009. The second paper analyzes the political effects of remittances at the country level. I use country-level data to show that the relationship between remittances and government spending is conditional on regime type. Autocratic regimes show greater changes in spending on educational and public health from rising remittances. On the other hand, democracies show mild relationships between remittances and spending. I find that institutions will influence the ways government spending responds to rising remittances. The final paper argues that political institutions shape emigration flows conditional on economic performance. Using data from the American Community Surveys to measure Latin American migration into the United States, I find that countries with higher quality institutions will experience a brain drain when economic growth is low. I use the example of Venezuela in 2002-2003 when the country saw its intelligentsia emigrate. While economic performance is a strong factor explaining emigration flows, political institutions have the capacity to mitigate or exacerbate them. Together, these three essays show that remittances and migration flows have profound implications for domestic policy, state expenditures, and the consequences of institutional quality and economic crisis.

Migrant Remittances in South Asia

Migrant Remittances in South Asia PDF Author: M. Rahman
Publisher: Springer
ISBN: 1137350806
Category : Political Science
Languages : en
Pages : 198

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Book Description
This volume provides theoretical treatments of remittance on how its development potential is translated into reality. The authors meticulously delve into diverse mechanisms through which migrant communities remit, investigating how recipients engage in the development process in South Asia.

The Political Economy of Remittances: the Case of Sub-Saharan Africa

The Political Economy of Remittances: the Case of Sub-Saharan Africa PDF Author: Yudit Kiss
Publisher:
ISBN: 9789633017241
Category :
Languages : en
Pages : 0

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Book Description


International Remittance Payments and the Global Economy

International Remittance Payments and the Global Economy PDF Author: Bharati Basu
Publisher: Routledge
ISBN: 1317703758
Category : Business & Economics
Languages : en
Pages : 281

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Book Description
International Remittance Payments are described mainly as money sent by immigrants to their families and friends in their home countries. These payments provide an important source of income that is mostly used to provide for a variety of basic needs of the non-migrating members of immigrant families and thus remittance payments can be considered as a tool to reduce the poverty level of the labor sending countries. However, remittances are also used for asset accumulation by some families and for some countries they constitute a good part of foreign funds coming into the country. In-spite of their increasing volume over the last few decades, a lot of things about remittances are not known and studies estimate that about half of these money transfers are not even recorded. Since these payments are shown to reduce poverty and help economic progress in the remittance receiving countries, a better knowledge about remittances would help the debates surrounding immigration, remittances and their relation to the global economy. This book provides an overview of remittances in different parts of the world over the last thirty years. It looks at the labor sending and labor receiving countries separately. The text examines the trends, uses, motivations behind sending remittances, cost of sending them and how they are affected by the nature and the development level of different institutional factors. The remittance flows are growing over time and they are used mostly for reducing the uncertainty of life in the less developed parts of the world. However, motivation for sending remittances could be improved and thus remittances could be more conducive to economic development if 1) the relation between the remittance decision and the migration decision is better understood and 2) the costs of international money transfers are reduced. More studies about those issues would benefit the international community. Efforts should be made in all fronts to encourage such international flow of funds not only to have a redistribution of income all over the world, but also to synchronize the efforts towards global economic development and a better integration of the world economy. This book is aimed researchers, policy practitioners and post graduates studying International Economics or International Economic Relations or Political Science or Economic Development.

Migration and Remittances During the Global Financial Crisis and Beyond

Migration and Remittances During the Global Financial Crisis and Beyond PDF Author: Ibrahim Sirkeci
Publisher: World Bank Publications
ISBN: 0821388266
Category : Business & Economics
Languages : en
Pages : 471

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Book Description
During the 2008 financial crisis, the possible changes in remittance-sending behavior and potential avenues to alleviate a probable decline in remittance flows became concerns. This book brings together a wide array of studies from around the world focusing on the recent trends in remittance flows. The authors have gathered a select group of researchers from academic, practitioner and policy making bodies. Thus the book can be seen as a conversation between the different stakeholders involved in or affected by remittance flows globally. The book is a first-of-its-kind attempt to analyze the effects of an ongoing crisis on remittance flows globally. Data analyzed by the book reveals three trends. First, The more diversified the destinations and the labour markets for migrants the more resilient are the remittances sent by migrants. Second, the lower the barriers to labor mobility, the stronger the link between remittances and economic cycles in that corridor. And third, as remittances proved to be relatively resilient in comparison to private capital flows, many remittance-dependent countries became even more dependent on remittance inflows for meeting external financing needs. There are several reasons for migration and remittances to be relatively resilient to the crisis. First, remittances are sent by the stock (cumulative flows) of migrants, not only by the recent arrivals (in fact, recent arrivals often do not remit as regularly as they must establish themselves in their new homes). Second, contrary to expectations, return migration did not take place as expected even as the financial crisis reduced employment opportunities in the US and Europe. Third, in addition to the persistence of migrant stocks that lent persistence to remittance flows, existing migrants often absorbed income shocks and continued to send money home. Fourth, if some migrants did return or had the intention to return, they tended to take their savings back to their country of origin. Finally, exchange rate movements during the crisis caused unexpected changes in remittance behavior: as local currencies of many remittance recipient countries depreciated sharply against the US dollar, they produced a “sale” effect on remittance behavior of migrants in the US and other destination countries.

Global Economic Prospects 2006

Global Economic Prospects 2006 PDF Author:
Publisher: World Bank Publications
ISBN: 082136345X
Category :
Languages : en
Pages : 182

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Book Description
International migration, the movement of people across international boundaries to improve economic opportunity, has enormous implications for growth and welfare in both origin and destination countries. An important benefit to developing countries is the receipt of remittances or transfers from income earned by overseas emigrants. Official data show that development countries' remittance receipts totaled 160 billion in 2004, more than twice the size of official aid. This year's edition of Global Economic Prospects focuses on remittances and migration. The bulk of the book covers remittances.

The Macroeconomics of Remittances: the Case of Tajikistan

The Macroeconomics of Remittances: the Case of Tajikistan PDF Author: Alexei Kireyev
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451862621
Category :
Languages : en
Pages : 26

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Book Description
The paper seeks to assess the macroeconomic implications of large-scale inward remittances for a small open economy. By including remittances in several standard models, the paper concludes that the overall macroeconomic impact of remittances is likely to be ambiguous. The impact depends on the structural characteristics of the receiving country, in particular its consumption and investment patterns, and its capacity to manage large financial inflows. As data deficiencies and methodological problems associated with remittances preclude crosscountry empirical investigation, the paper illustrates these findings with data on Tajikistan, where remittances as a share of GDP are among the highest in the world. The paper also evaluates the pros and cons of remittances in a broader political economy context.