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Author: Samuel Munzele Maimbo
Publisher: World Bank Publications
ISBN: 0821357948
Category : Business & Economics
Languages : en
Pages : 402
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Book Description
Migrants have long faced unwarranted constraints to sending money to family members and relatives in their home countries, among them costly fees and commissions, inconvenient formal banking hours, and inefficient domestic banking services that delay final payment to the beneficiaries. Yet such remittances are perhaps the largest source of external finance in developing countries. Officially recorded remittance flows to developing countries exceeded US$125 billion in 2004, making them the second largest source of development finance after foreign direct investment. This book demonstrates that governments in developing countries increasingly recognize the importance of remittance flows and are quickly addressing these constraints.
Author: Samuel Munzele Maimbo
Publisher: World Bank Publications
ISBN: 0821357948
Category : Business & Economics
Languages : en
Pages : 402
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Book Description
Migrants have long faced unwarranted constraints to sending money to family members and relatives in their home countries, among them costly fees and commissions, inconvenient formal banking hours, and inefficient domestic banking services that delay final payment to the beneficiaries. Yet such remittances are perhaps the largest source of external finance in developing countries. Officially recorded remittance flows to developing countries exceeded US$125 billion in 2004, making them the second largest source of development finance after foreign direct investment. This book demonstrates that governments in developing countries increasingly recognize the importance of remittance flows and are quickly addressing these constraints.
Author: Pablo Fajnzylber
Publisher: World Bank Publications
ISBN: 0821368710
Category : Business & Economics
Languages : en
Pages : 410
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Book Description
Workers' remittances have become a major source of financing for developing countries and are especially important in Latin America and the Caribbean, which is at the top of the ranking of remittance receiving regions in the world. While there has been a recent surge in analytical work on the topic, this book is motivated by the large heterogeneity in migration and remittance patterns across countries and regions, and by the fact that existing evidence for Latin America and the Caribbean is restricted to only a few countries, such as Mexico and El Salvador. Because the nature of the phenomenon varies across countries, its development impact and policy implications are also likely to differ in ways that are still largely unknown. This book helps fill the gap by exploring, in the specific context of Latin America and Caribbean countries, some of the main questions faced by policymakers when trying to respond to increasing remittances flows. The book relies on cross-country panel data and household surveys for 11 Latin American countries to explore the development impact of remittance flows along several dimensions: growth, poverty, inequality, schooling, health, labor supply, financial development, and real exchange rates.
Author: Giulia Bettin
Publisher: International Monetary Fund
ISBN: 148438508X
Category : Business & Economics
Languages : en
Pages : 33
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Book Description
This paper examines how international remittances are affected by structural characteristics, macroeconomic conditions, and adverse shocks in both source and recipient economies. We exploit a novel, rich panel data set, covering bilateral remittances from 103 Italian provinces to 107 developing countries over the period 2005-2011. We find that remittances are negatively correlated with the business cycle in recipient countries, and increase in response to adverse exogenous shocks, such as natural disasters or large declines in the terms of trade. Remittances are positively correlated with economic conditions in the source province. Nevertheless, in the presence of similar negative shocks to both source and recipient economies, remittances remain counter-cyclical with respect to the recipient country.
Author: Sabith Khan
Publisher: Routledge
ISBN: 042979732X
Category : Business & Economics
Languages : en
Pages : 195
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Book Description
This is a first of its kind book which examines the remittances in the two largest corridors in the World: India-Saudi Arabia and Mexico-U.S.A. This book aims to treat remittances as an act of social norm involving individuals, nation-states, and diaspora communities. It treats remittances both as an act of individual obligation as well as a social fact that needs to be understood from the perspective of the actors, i.e., the givers and recipients. Using theories of motives of giving, policy analysis, international development, and international relations, the authors offer a compelling narrative of how and why remittances occur and the impacts on both the giver and recipient. The authors - both scholars of philanthropy and remittances - bring their shared perspective and understanding of this crucial phenomenon and delve deep into examining its impacts on community development and the relations between the nation-states. This book offers a sophisticated understanding of how vital remittances are to the world we live in. The book sheds light on this important social reality and will be of value to researchers, academics, and students interested in remittances, as well as to practitioners working in the international development sector, NGO actors, and policy makers.
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.
Author: Dilip Ratha
Publisher: World Bank Publications
ISBN: 146480320X
Category : Business & Economics
Languages : en
Pages : 299
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Book Description
Remittances remain a key source of funds for developing countries, far exceeding official development assistance and even foreign direct investment. Remittances have proved to be more stable than private debt and portfolio equity flows, and less volatile than official aid flows, and their annual flow can match or surpass foreign exchange reserves in many small countries. Even in large emerging markets, such as India, remittances are equivalent to at least a quarter of total foreign exchange reserves. India, China, Philippines and Mexico are the top recipients of migrant remittances. The Migration and Remittances Factbook 2016 attempts to present numbers and facts behind the stories of international migration and remittances, drawing on authoritative, publicly available data. It provides a snapshot of statistics on immigration, emigration, skilled emigration, and remittance flows for 210 countries and 15 regional and income groups. The Migration and Remittances Factbook 2016 updates the 2011 edition of the Factbook with additional data on bilateral migration and remittances and second generation diasporas, collected from various sources, including national censuses, labor force surveys, population registers, and other national sources.
Author: Serge Feld
Publisher: Springer Nature
ISBN: 3030755134
Category : Social Science
Languages : en
Pages : 183
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Book Description
This book provides an analysis of theoretical and empirical researches on the effects of remittances and brain drain on the development of less developed countries (LDCs). It analyzes the most recent global, regional and national data as well as the arguments for and against the emigration of highly skilled personnel and remittances, thereby highlighting policies aimed at optimizing the link between migration and development. The book examines in depth the arguments against "brain drain", namely the loss of skilled labor, wasted public investment in higher education, and reduced tax revenues. It also presents the arguments in favor, emphasizing on the transfer of scientific knowledge, the incentive effect of increased education spending, and participation in international networks. It addresses the central issue of emigration of medical personnel from developing countries and its consequences on the population.The book focuses on the effects of remittances on poverty and inequalities. They improve health conditions, raise education levels and empower women. Positive effects include the stabilizing function of remittances and the improvement of external accounts. Other effects are subject to conflicting assessments such as the reduction of labor supply and the "Dutch disease". The focus is on institutions who integrate economic, social and political incentives in order to establish remittances at the heart of development policies.The book provides a reference for students and research centers devoted to development economics, centers for international migration studies, and research units focusing on population, migration, and development.
Author: Yeoh, Brenda S.A.
Publisher: Edward Elgar Publishing
ISBN: 1789904013
Category : Social Science
Languages : en
Pages : 467
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Book Description
Providing a critical overview of transnationalism as a concept, this Handbook looks at its growing influence in an era of high-speed, globalised interconnectivity. It offers crucial insights on how approaches to transnationalism have altered how we think about social life from the family to the nation-state, whilst also challenging the predominance of methodologically nationalist analyses.
Author: Maty Konte
Publisher: Routledge
ISBN: 1000259757
Category : Business & Economics
Languages : en
Pages : 283
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Book Description
This book provides a strong multidisciplinary examination of the links between migration, remittances and sustainable development in Africa. It makes evidence-based policy recommendations on migration to help achieve the Sustainable Development Goals. The key themes examined are migration and remittances, and their relations with the following issues: economic transformation, education and knowledge, corruption and conflict. Cross-cutting issues such as gender equality and youth are weaved throughout the chapters, and a rich range of country contexts are presented. The volume also discusses challenges in managing migration flows. It will be of interest to advanced students, academics and policy makers in development economics and sustainable development.
Author: Jonathan Crush
Publisher: African Books Collective
ISBN: 1920409262
Category : Business & Economics
Languages : en
Pages : 98
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Book Description
The relationship between migration, development and remittances in Lesotho has been exhaustively studied for the period up to 1990. This was an era when the vast majority of migrants from Lesotho were young men working on the South African gold mines and over 50 percent of households had a migrant mineworker. Since 1990, patterns of migration to South Africa have changed dramatically. The reconfiguration of migration between the two countries has had a marked impact on remittance flows to Lesotho. The central question addressed in this report is how the change in patterns of migration from and within Lesotho since 1990 has impacted on remittance flows and usage.
