E.g., 12/03/2022
E.g., 12/03/2022
Remittances

Remittances

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Remittances are among the most tangible links between migration and development. According to World Bank projections, global remittances will reach $515 billion in 2015. Developing countries receive the lion’s share of global remittances, and in 25 countries, remittances were equal to more than 10 percent of gross domestic product as of 2011. Remittances, as the research here discusses, can play an effective role in reducing poverty, and they provide a convenient angle for approaching the complex migration agenda.

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In 2004, Central American countries received US$ 7.8 billion in remittances through official channels. Are remittances hurting or helping the region? MPI’s Dovelyn Agunias investigates.

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Perhaps best known for its brain drain and the related success of its diaspora, Ghana also has an important role in West African migration patterns, past and present. Micah Bump of Georgetown's Institute for the Study of International Migration takes a detailed look at a country in transition.
Books
October, 2005

This volume finds that while emigration may be beneficial in some cases, unhindered high-skilled emigration, particularly in the case of sub-Saharan Africa, can have disastrous consequences. The author, Arno Tanner, recommends specific policies where carefully targeted development measures could be used to mitigate the negative consequences of brain drain.

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Jeffrey H. Cohen of Pennsylvania State University outlines the migration and remittance patterns of people from the southern Mexican state of Oaxaca.

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Dean Yang of the University of Michigan explains how a change in currency values prompted families in the Philippines to invest more in education and enterprises.

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Dilip Ratha of the World Bank outlines recent research findings on remittances and points out the gaps in our knowledge.

Reports
July 2004

This report analyzes the impact of established diaspora on the reduction of poverty in their countries of origin. It examines their contributions beyond individual remittances, in the dimensions of foreign direct investment, market development, technology transfer, philanthropy, tourism, political contributions, and the more intangible flows of knowledge, new attitudes, and cultural influence.

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Nicholas Van Hear of the Institute for International Studies presents some of the distinct features of refugee diasporas, as well as their impact on development policy.

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