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Remittance policies, early 21st-century trends and assessments

Migration A–Z

R

  1. Alex Julca

Published Online: 4 FEB 2013

DOI: 10.1002/9781444351071.wbeghm602

The Encyclopedia of Global Human Migration

The Encyclopedia of Global Human Migration

How to Cite

Julca, A. 2013. Remittance policies, early 21st-century trends and assessments. The Encyclopedia of Global Human Migration. .

Publication History

  1. Published Online: 4 FEB 2013

Abstract

International remittances flows to developing countries have been estimated at US$351 billion in 2011, up 8 percent from 2010 and projected to reach US$414 billion by 2014. They represent over 70 percent of worldwide international remittances, which include flows to high-income countries. However, downside risks persist due to slow growth in the United States and Europe and persistent unemployment which affects the employment prospects of immigrants. Volatile exchange rates and uncertainty in oil prices also cast a shadow on the prospects of remittance flows (Mohapatra et al. 2011).

Keywords:

  • labor;
  • labor supply;
  • international agencies;
  • capitalism;
  • political economy;
  • social policy;
  • Development