Diaspora, Remittances, and Poverty in RP’s Regions
The Philippines is reputed to be the world’s third highest net remittance recipient country (relative to net migration) after India and Mexico. In 2005, remittances were officially recorded at $11.7 billion1 representing about 10% of GDP. Clearly, remittances resulting from the Filipino diaspora have become a major factor in the economic and social life of the country. This paper focuses on the home-country consequences of remittances, addressing the question whether and to what extent remittances contribute to poverty reduction and regional development in the Philippines.
|Date of creation:||Jun 2006|
|Date of revision:|
|Publication status:||Published as UPSE Discussion Paper No. 2006-02, June 2006|
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