Remittances
Recent Activity
Mexico has often been cited as a successful example of the positive relationship between migration and development. But Raúl Delgado-Wise and Luis Eduardo Guarnizo show why Mexico's model is unsustainable.
Previously confined to everyday conversations among migrants and their families, remittances are now on the minds of most governments, members of civil society, the international community, and, to some extent, the private sector. The continued deficiency in our understanding of some of the fundamental aspects of remittances is evident in current literature.
In 2004, Central American countries received US$ 7.8 billion in remittances through official channels. Are remittances hurting or helping the region? MPI’s Dovelyn Agunias investigates.
This volume finds that while emigration may be beneficial in some cases, unhindered high-skilled emigration, particularly in the case of sub-Saharan Africa, can have disastrous consequences. The author, Arno Tanner, recommends specific policies where carefully targeted development measures could be used to mitigate the negative consequences of brain drain.
Jeffrey H. Cohen of Pennsylvania State University outlines the migration and remittance patterns of people from the southern Mexican state of Oaxaca.
Dean Yang of the University of Michigan explains how a change in currency values prompted families in the Philippines to invest more in education and enterprises.
Dilip Ratha of the World Bank outlines recent research findings on remittances and points out the gaps in our knowledge.