Workers’ Remittances to Mediterranean Countries: A Potentially Important Tool for Economic Development
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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Volume (Year): 58 (2005)
Issue (Month): 1 ()
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