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Assessing the State of the Remittance Art

Bibliographic Data

ID4263197
AuthorsEmmanuel Yujuico (0000-0003-4309-1144, University of Birmingham, corresponding author)
Year2009
Volume9
Issue1
Pages63-81
Publication date2009-01-01
Open AccessYes
TypeARTICLE
VenueGlobal Networks (JOURNAL)
Journal identifiersISSN: 1470-2266 • E-ISSN: 1471-0374
PublisherWiley (PUBLISHER • GB)
DOI10.1111/j.1471-0374.2009.00242.x
OpenAlexW2005994172
LanguageEN
Citations received5
References cited10

The art of sending remittances overlaps with migration, technological innovation and marketing - three of globalization's driving forces. All things being equal, the role of innovation with regard to remittances is to reduce transaction costs in making these transfers. Yet, other aspects of the marketing mix come into play apart from the price of sending remittances such as product user-friendliness, the location of senders and beneficiaries, and the promotion of these technologies. In this article, I assess the state of the remittance art in terms of meeting the needs of remittance senders and beneficiaries and future directions that this domain may take due to further diffusion of innovations. Remittance technologies represent a promising direction in which cutting edge technology is harnessed to focus on developing world concerns. By enlisting the talents of the world's foremost product and service designers, private sector initiatives such as these can play a role in helping ease poverty's penalties

Business · Database transaction · Economic growth · Economics · Globalization · Industrial organization · Market economy · Political science · Poverty · Remittance · Computer Science · Digital Economy and Work Transformation · Innovation and Socioeconomic Development · Migration and Labor Dynamics · Marketing

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