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Remittances and development finance

Migration A–Z

R

  1. Alex Julca

Published Online: 4 FEB 2013

DOI: 10.1002/9781444351071.wbeghm444

The Encyclopedia of Global Human Migration

The Encyclopedia of Global Human Migration

How to Cite

Julca, A. 2013. Remittances and development finance. The Encyclopedia of Global Human Migration. .

Publication History

  1. Published Online: 4 FEB 2013

Abstract

International remittances flows are born out of immigrants’ savings, which are part of wages earned for work performed abroad. Remittances are private transfers received by families to be used mainly on private consumption, saved, or invested in health, education (social investment), real estate, or small businesses. However, the circulation of remittances does not end after they have been spent

Keywords:

  • capitalism;
  • political economy;
  • development;
  • regional development;
  • poverty