Workers’ Remittances to Mediterranean Countries: A Potentially Important Tool for Economic Development
AbstractWorkers’ 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 InfoArticle provided by Camera di Commercio di Genova in its journal Economia Internazionale / International Economics.
Volume (Year): 58 (2005)
Issue (Month): 1 ()
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Remittances; Mediterranean countries; Development; Euro- Mediterranean relations;
Find related papers by JEL classification:
- D10 - Microeconomics - - Household Behavior - - - General
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- J61 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Geographic Labor Mobility; Immigrant Workers
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