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Contribution of Workers’ Remittances to Development

In: Structural Change, Economic Interdependence and World Development

Author

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  • T. Alexander Kjurčiev

    (University ‘Kiril and Metodij’)

Abstract

Among the benefits that developing countries could obtain from the international migration of their labour force, such as the transfer of new experiences and knowledge through returning migrants, or the reduction of pressure on employment by a large number of unemployed persons — thus making the modernisation of the economic structure easier — workers’ remittances appear to be the most important direct benefit. They increase the living standard of migrants’ families as well as their socio-economic status, and are an important source of foreign exchange for labour-sending countries to improve their international balances of payments, giving them at the same time the chance to enlarge the import of investment equipment in order to expand production and increase productivity.

Suggested Citation

  • T. Alexander Kjurčiev, 1987. "Contribution of Workers’ Remittances to Development," International Economic Association Series, in: Silvio Borner & Alwyn Taylor (ed.), Structural Change, Economic Interdependence and World Development, chapter 11, pages 159-172, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-09117-1_11
    DOI: 10.1007/978-1-349-09117-1_11
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