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Language

English (en)

Date of Award

5-1-2016

Author's School

College of Arts & Sciences

Author's Department

International and Area Studies

Degree Name

Bachelor of Arts (A.B.)

Restricted/Unrestricted

Restricted

Abstract

In recent years, migrant remittances have emerged as a central topic within both migration and development studies. Part of this is driven by the fact that their scale and breadth have increased substantially. In 2013, there were an estimated 247 million migrants around the world. In 2014, these migrants sent home more than $436 billion (World Bank, 2015). Not only do these remittances represent significant financial flows with tremendous repercussions for the receiving economies, they have been theorized as vehicles for enacting sustainable development as well. From a study of 71 developing nations, Adams and Page (2005) find that a 10% increase in per capita, official international remittances results in a 3.5% decline in the number of people living in poverty for that country. Remittances now dwarf the Official Development Assistance (ODA) that countries receive, and they are more stable than flows of private capital as well. For development experts then, the challenge is figuring out how to best encourage migrants to remit and facilitate these vital exchanges.

Comments

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