Migration, remittances and development

✍ Scribed by Organisation for Economic Co-operation and Development

• Publisher: OECD Publishing
• Year: 2005
• Tongue: English
• Leaves: 351
• Series: Development dimension
• Edition: illustrated edition
• Category: Library

✦ Synopsis

This publication presents the current situation with regard to the magnitude and economic impact of migrants remittances to their countries of origin. In 2004, remittances exceeded official development aid in several emigration countries: they totalled USD 126 billion according to IMF estimates. The book surveys the channels used to collect these funds; the role of banking systems and other financial institutions; the introduction of new technologies and their impact on fund collection; how the funds are transferred; and how to reduce the costs. Focus is also placed on the different ways in which migrants themselves participate -- together with non-governmental organizations, host countries and sending countries -- to open up new avenues for policies on development aid and co-development. The direct role that migrants can play at the local level is highlighted. Several countries and regions are illustrated: Southern European countries, Mexico, Turkey, North African and sub-Saharan African countries, the Philippines and some Latin American countries.--Publisher summary. Read more...

Content: Introduction: International Migrant Remittances and their Role in Development / Thomas Straubhaar and Florin P. Vădean --
pt. 1. Financial flows generated by emigration and their impact on regional development --
1. Migrant Remittances and their Impact on Development in the Home Economies : The Case of Africa / Flore Gubert --
2. The Remittances of Moroccan Emigrants and their Usage / Bachir Hamdouch --
3. Mexico : International Migration, Remittances and Development / Rodolfo Garcia Zamora --
4. Migration, Remittances and their Impact on Economic Development in Turkey / Ahmet Içduygu --
5. Migration Policies, Remittances and Economic Development in the Philippines / Carmelita Dimzon --
pt. 2. Remittances and financial infrastructure : challenges and prospects --
6. Principal Channels and Costs of Remittances: The Case of Turkey / Elif Köksal and Thomas Liebig --
7. Western Union and the World Market for Remittances / Khalid Fellahi and Susana de Lima --
8. The MoneySend and MasterCard Services / Olivier Denis --
Annex to Part II. Financial Infrastructures and Remittance via the Banking System and other Channels: The Cases of Portugal, Morocco, Latin America and the Caribbean / José Nascimento Ribeiro ... [et al.] --
pt. 3. Macroeconomic impact of remittances --
9. What is the Macroeconomic Impact of International Remittances on the Home Country? / Jackline Wahba --
10. Macroeconomic Impact of Remittances / Sena Eken --
11. Emigrants' Remittances--
A Potentially Important Development Tool : The Case of Italy / Ricardo Settimo --
12. Remittances and Development: The Case of Greece / Nicholas Glytsos --
13. Do International Migration and Remittances Reduce Poverty in Developing Countries? / Richard Adams and John Page --
pt. 4. Recent initiatives to channel remittances towards development --
14. Social Learning as a Productive Project : The Tres por Uno (Three for One) Experience at Zacatecas, Mexico / Natasha Iskander --
15. Migration, Remittances and Economic Initiatives in Sub-Saharan Africa / Babacar Sall --
16. "Migration and Development" : A Non-governmental Organisation Involved in Co-development / Nadia Bentaleb and Jamal Lahoussein --
pt. 5. Remittances and promotion of development : some proposals --
17. Incorporating Insights from Migration Research into Policy on Remittances / Jorgen Carling --
18. Turning Remittances into Investments / Daniela Bobeva --
19. Motivating Migrants for Social and Economic Development in Mali and Senegal / Mireille Raunet --
20. The Support of Non-governmental Organisations in the Collection of Remittances / Jacques Ould Aoudia --
21. Some Lessons from the Agence Française de Développement in the Field of Co-development / Guillaume Cruse --
Conclusions / Berglind Asgeirsdottir.
Abstract: This publication presents the current situation with regard to the magnitude and economic impact of migrants remittances to their countries of origin. In 2004, remittances exceeded official development aid in several emigration countries: they totalled USD 126 billion according to IMF estimates. The book surveys the channels used to collect these funds; the role of banking systems and other financial institutions; the introduction of new technologies and their impact on fund collection; how the funds are transferred; and how to reduce the costs. Focus is also placed on the different ways in which migrants themselves participate -- together with non-governmental organizations, host countries and sending countries -- to open up new avenues for policies on development aid and co-development. The direct role that migrants can play at the local level is highlighted. Several countries and regions are illustrated: Southern European countries, Mexico, Turkey, North African and sub-Saharan African countries, the Philippines and some Latin American countries.--Publisher summary