Search Result

Srl

Item

ID: 071654

Can remittances spur development? a critical survey / Brown, Stuart S

Brown, Stuart S	Journal Article
	0 Rating(s) & 0 Review(s)

Publication

2006.

Summary/Abstract

The increasing volume of global remittances has impressed policymakers and social scientists alike. Besides outpacing official development assistance and private capital flows, remittances have proven markedly stable and counter-cyclical. They represent an essential nondebt creating, safety-net vehicle administered by extended families and local communities rather than provincial and national governments. This essay surveys the recent pattern of remittances and critically examines the theoretical and empirical literature on their determinants and welfare impact. The argument is made that the developmental contribution of remittances can be significantly enhanced through complementary macroeconomic policies in labor exporting countries and financial innovations in remittance transmission. Enhanced policy coordination on temporary transnational worker migration-as facilitated by Mode 4 of the General Agreement on Trade in Services-can prove instrumental in helping remittances offset the traditional brain drain besetting developing economies.

Key Words

Development ; Remittances

In Basket

Export

ID: 060400

Overstretch myth / Levey, David H; Brown, Stuart S

Mar-Apr 2005 Journal Article

Levey, David H	Journal Article
	0 Rating(s) & 0 Review(s)

Publication	Mar-Apr 2005.
Summary/Abstract	The United States' current account deficit and foreign debt are not dire threats to its global position, as would-be Cassandras warn. U.S. power is firmly grounded on economic superiority and financial stability that will not end soon.

Key Words

Economic Cooperation ; United States ; Economy-United States

In Basket

Export