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Workers’ Remittances to Mediterranean Countries: A Potentially Important Tool for Economic Development

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  • Settimo, Riccardo

    ()
    (Economic Research – International Relations Department, Bank of Italy)

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    Abstract

    Workers’ remittances have become a significant component of financial flows to developing economies; for most Mediterranean countries, they are the main source of external finance. A large proportion of these transfers comes from Europe, with its communities of immigrants from the Mediterranean region. Conventional economic theory holds that remittances bring welfare benefits for the recipient countries; appropriate policy measures should therefore aim at facilitating cross-border transfers and enhancing the developmental impact of remittances. In this respect, there is a good deal of room for improvement in both the European sender countries and the Mediterranean recipients.

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    Bibliographic Info

    Article provided by Camera di Commercio di Genova in its journal Economia Internazionale / International Economics.

    Volume (Year): 58 (2005)
    Issue (Month): 1 ()
    Pages: 51-77

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    Handle: RePEc:ris:ecoint:0118

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    Keywords: Remittances; Mediterranean countries; Development; Euro- Mediterranean relations;

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