Contribution of Workers’ Remittances to Development

T. Alexander Kjurčiev
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T. Alexander Kjurčiev: University ‘Kiril and Metodij’

Chapter 11 in Structural Change, Economic Interdependence and World Development, 1987, pp 159-172 from Palgrave Macmillan

Abstract: Abstract Among the benefits that developing countries could obtain from the international migration of their labour force, such as the transfer of new experiences and knowledge through returning migrants, or the reduction of pressure on employment by a large number of unemployed persons — thus making the modernisation of the economic structure easier — workers’ remittances appear to be the most important direct benefit. They increase the living standard of migrants’ families as well as their socio-economic status, and are an important source of foreign exchange for labour-sending countries to improve their international balances of payments, giving them at the same time the chance to enlarge the import of investment equipment in order to expand production and increase productivity.

Keywords: Foreign Exchange; International Migration; Migrant Worker; Labour Migration; Foreign Worker (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-09117-1_11

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DOI: 10.1007/978-1-349-09117-1_11

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