Remittances: The New Development Mantra?

  title={Remittances: The New Development Mantra?},
  author={Devesh Kapur}
Remittances have emerged as an important source of external development finance for developing countries in recent years. This paper examines the causes and implications of remittance flows. It first highlights the severe limitations in remittance data, in sharp contrast to other sources of external finance. It then examines the key trends in remittance flows, and their importance relative to other sources of external finance. The paper subsequently analyses the many complex economic and… CONTINUE READING