IDEAS home Printed from https://ideas.repec.org/a/nms/joseer/10.5771-1435-2869-2014-2-267.html
   My bibliography  Save this article

The transformation of remittances from consumption to investment: a challenging strategy to accommodate the future

Author

Listed:
  • Lika, Eduart

Abstract

Remittances can contribute to the economic development of a country also by going directly into productive investment, thereby increasing bank liquidity and making it possible to extend loans to entrepreneurs with competing interests, creating an enabling environment for SMEs and facilitating the attraction of emigrants to return to their countries. The banking system in Albania has undergone rapid development since the collapse of the communist system, but the coverage of financial institutions is still weak in some parts of the country, especially in rural areas. Regardless of the size of remittances and their importance to the economy of Albania, there is, additionally, a general lack of policies and strategies for the management and the use of remittances. In this direction, and for a better development of emigration control, the National Strategy for Migration was developed covering a number of issues surrounding the experience of emigrants and the targeted orientation of remittances, as well as the development of an appropriate legal and institutional framework.

Suggested Citation

  • Lika, Eduart, 2014. "The transformation of remittances from consumption to investment: a challenging strategy to accommodate the future," SEER Journal for Labour and Social Affairs in Eastern Europe, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 17(2), pages 267-278.
    • Handle: RePEc:nms:joseer:10.5771/1435-2869-2014-2-267
    DOI: 10.5771/1435-2869-2014-2-267
    as

    Download full text from publisher

    File URL: https://www.nomos-elibrary.de/10.5771/1435-2869-2014-2-267
    Download Restriction: no
    File URL: https://libkey.io/10.5771/1435-2869-2014-2-267?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Lika, Eduart, 2013. "The Albanian population and migration in historic perspective," SEER Journal for Labour and Social Affairs in Eastern Europe, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 16(3), pages 287-297.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      More about this item

      Statistics

      Access and download statistics

      Corrections

      All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nms:joseer:10.5771/1435-2869-2014-2-267. See general information about how to correct material in RePEc.

      If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

      If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

      If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

      For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Nomos Verlagsgesellschaft mbH & Co. KG (email available below). General contact details of provider: http://www.nomos.de/ .

      Please note that corrections may take a couple of weeks to filter through the various RePEc services.

      IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.