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Remittances by Emigrants

Issues and Evidence

  • Author: UN, ECLAC
  • Publication date: January 2004
  • Page count: 40
  • Language(s) in this book: English
  • Sales number: 03.II.G.152

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About the product

Cash remittances have become the second most important source of external finance for developing countries after foreign direct investments. Their totals have even surpassed those of international foreign aid. This paper examines the impact of remittances on the economic growth of developing countries. It covers topics such as global and regional trends in remittances, the economic impact of remittances on developing countries and the international market for remittances.