The Role of Migrant Remittances in Development

Evidence from Mediterranean Countries

Bibliographic Data

ID9952852
AuthorsNicholas P Glytsos (0000-0002-9742-0145, Centre for Planning and Economic Research, corresponding author)
Year2002
Volume40
Issue1
Pages5-26
Publication date2002-03-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueInternational Migration (JOURNAL)
Journal identifiersISSN: 0020-7985 • E-ISSN: 1468-2435
PublisherWiley (PUBLISHER • GB)
DOI10.1111/1468-2435.00183
OpenAlexW2061283290
LanguageEN
Citations received24

Given the persistent problems in the balance of trade in LDCs, the limited effect of foreign aid, and the difficulties of borrowing, the often huge amounts of migrant remittances can substitute for the inadequacies of these forms of foreign exchange. As market flows of foreign exchange, remittances have complex positive and negative effects on development. In this paper, I deal with this role of migrant remittances in the theoretical framework of development economics, as related to the importance of foreign exchange as an indispensable factor of growth and structural change in LDCs. Various channels transmitting the impact of remittances on development are investigated based on the experience of countries from both sides of the Mediterranean basin

Balance (ability · Developing country · Development economics · Economic growth · Economics · Foreign exchange · International economics · International trade · Monetary economics · Economic Growth and Development · Economic Policies and Impacts · Migration and Labor Dynamics

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