Recruitment, remittances, and returns

Philip Martin and Ibrahim Sirkeci

Chapter 18 in Handbook of Globalisation and Development, 2017, pp 312-330 from Edward Elgar Publishing

Abstract: Remittances to developing countries, monies sent by international migrants to their countries of origin, topped $1 billion a day a decade ago and are projected to reach $440 billion in 2015. Remittances to developing countries surpassed official development aid in the mid-1990s and have risen much faster than the number of international migrants. Remittances help migrants and their families to achieve upward mobility and open a window to faster economic and job growth in migrant countries of origin. Remittances raise two major issues: how to maximise the flow of monies that migrants send home voluntarily and how to ensure that remittances reduce poverty and spur development in migrant areas of origin. Sound economic policies that provide investment opportunities maximise inward remittance flows, but there is no formula to ensure that remittances spur broader economic development.

Keywords: Development Studies; Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2017
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