By Samuel Munzele Maimbo
Re-mit-tance n. 1. The sending of cash to a person at a distance. 2. The amount of money sent.
New study indicates the remarkable scope of remittances, with officially documented flows now predicted at US$90 billion for 2003. Globally, remittances now represent the most important resource of economic flows to constructing nations after international direct funding (FDI). certainly, in lots of international locations they now exceed FDI flows.
Remittances: improvement effect and destiny customers explores coverage suggestions for reinforcing the poverty relief effect of remittance cash in recipient international locations, and addressees matters approximately expanding migration and inequality. It appears at new applied sciences that let remittance provider prone to minimize direct transaction expenses and open new channels, bettering comfort for remitters and bettering degrees of transparency and responsibility for regulators and coverage makers.
The publication additionally establishes a baseline for additional examine and collaborative attempt, exhibiting the components the place the foreign monetary associations, fairly the realm financial institution, can upload price to reinforce the optimistic influence of remittance flows and reduce much less welcome effects.
Edited by means of Samuel Munzele Maimbo, who has already released authoritative articles in this topic, and Dilip Ratha, who first published the worldwide value of remittances, this publication is meant for remittance provider companies, in addition to coverage makers and researchers attracted to monetary region, migration and improvement matters.
Read or Download Remittances: Development Impact and Future Prospects PDF
Similar Business Development books
This article provides the theoretical history to danger and company challenge administration and gives helpful equipment and strategies appropriate to small and medium sized businesses within the occasion of disastrous occasions resembling fireplace, flood, hurricane, and so on.
Capital Market Integration in South Asia: Realizing the SAARC Opportunity
Capital marketplace Integration in South Asia: figuring out the SAARC chance discusses the aptitude Capital marketplace Products/Activities that can create nearer inter-linkage of the South Asian capital markets and aid local/global traders take advantage of this financial chance. whereas a few principles might be implementable now; others have destiny promise because the local markets extra mature.
Conquering the Fear of Freedom: Japanese Exchange Rate Policy since 1945
Conquering the phobia of Freedom provides an analytical overview of jap trade cost coverage from the tip of global battle II to the current. It examines how gurus, beginning with the imposition of draconian controls over all foreign monetary flows, moved towards taking out nearly all nation interference regulating foreign currency transactions, together with legit intervention within the foreign currencies industry.
The Economics of the Global Response to HIV/AIDS
The worldwide reaction to HIV/AIDS has been a huge point of world wellbeing and fitness and improvement coverage over the past 3 many years. The e-book illustrates the devastating well-being affects of the epidemic, with existence expectancy in a few international locations falling to the bottom degrees saw anyplace, and the notable good fortune of the worldwide HIV/AIDS reaction in reversing such severe results.
Additional info for Remittances: Development Impact and Future Prospects