Workers’ Remittances to Mediterranean Countries: A Potentially Important Tool for Economic Development

Riccardo Settimo

Economia Internazionale / International Economics, 2005, vol. 58, issue 1, 51-77

Abstract: Workers’ remittances have become a significant component of financial flows to developing economies; for most Mediterranean countries, they are the main source of external finance. A large proportion of these transfers comes from Europe, with its communities of immigrants from the Mediterranean region. Conventional economic theory holds that remittances bring welfare benefits for the recipient countries; appropriate policy measures should therefore aim at facilitating cross-border transfers and enhancing the developmental impact of remittances. In this respect, there is a good deal of room for improvement in both the European sender countries and the Mediterranean recipients.

Keywords: Remittances; Mediterranean countries; Development; Euro- Mediterranean relations (search for similar items in EconPapers)
JEL-codes: D10 E20 F22 J61 (search for similar items in EconPapers)
Date: 2005
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