The Role of Remittances in Economic Development: Myth or Reality?
Abstract
The change and transformation process which has occured in the world economy, especially after 1980, is briefly named as globalization. In this process, communication and transportation costs have decreased comperatively. Moreover, threats and opportunities brought by globalization have accelerated the migration of people to places from their place of birth. Therefore, increasing human mobility around the world has begun to be expressed by the concept of international migration. Immigrants workers are the main subject of increasing international migration in the globalization process. Immigrants make significant contributions to the economy of their own countries by sending the money they earn. Thus, the effects of immigrant foreign exchange or transfers on the socio-economic development of countries have recently been subject to many studies. The purpose of this study is to analyze the impact of rapidly increasing amounts of immigrant foreign exchange on economic development of countries.
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References
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