Re-branding remittance fee reduction policy goals

From Combating Terrorist Financing to Poverty Alleviation

Datos Bibliográficos

ID5680831
AutoresSamuel Macisaac (0000-0001-6444-3116, Carleton University, autor de correspondencia)
Año2021
Volumen21
Número2
Páginas129-151
Fecha de publicación2021-03-04
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaConflict Security and Development (JOURNAL)
Identificadores de la revistaISSN: 1467-8802 • E-ISSN: 1478-1174
EditorialInforma UK Limited (PUBLISHER • GB)
DOI10.1080/14678802.2021.1920235
OpenAlexW3164177769
IdiomaEN
Citas recibidas2
Referencias citadas56

After the 2001 9/11 terrorist attacks in New York, attention to informal migrant remittance flows were increasingly seen as a tool for terrorism financing due to their lack of oversight. After increased regulation was deemed to have the adverse impact of reducing the appeal of formal alternatives, security scholars and practitioners resorted to formalisation policies through transfer fee reductions that make formal options more accessible. In international development circles, similar policies gained traction. International commitments, such as the Sustainable Development Goals (SDG 10c) and objective 20 of the 2018 Global Compact for Safe, Orderly and Regular Migration, aim to lower transfer fees to promote remittance growth and alleviate poverty. This article scrutinises the shift in remittance policy framing, primarily driven by security concerns, to promote development. Findings suggest the 9/11 terrorist attacks provided the punctuation that gave institutions the policy tractability to act upon pre-existing privatisation motives within Bretton-Woods institutions. The findings contribute to the understanding of policy creation and the cross-pollination of policies in the security-development space

Appeal · Business · Development economics · Economic growth · Economic policy · Economics · Political science · Poverty · Remittance · Terrorism · Employment and Welfare Studies · Law · Migration and Labor Dynamics · Migration, Refugees, and Integration · Finance