Beyond Small Change: Making Migrant Remittances Count by Donald F. Terry, Steven R. Wilson

By Donald F. Terry, Steven R. Wilson

Even if remittances account for billions of greenbacks each year and at the moment are severe to the survival of the households of hundreds of thousands of migrant employees and to the well-being of many nationwide economies, little has been performed to take advantage of this channel to supply the negative with extra monetary techniques to learn their households and native groups. Drawing on survey facts, case experiences, and cross-country and cross-region comparisons, past Small switch examines the phenomenon in hopes of contributing to overseas knowing of remittances, selling greater regulations and practices during this region, and turning migrant employees’ hard-won assets right into a resource of improvement for his or her homelands. even if the ebook emphasizes Latin the US and the Caribbean, chapters additionally learn Europe, the center East, and Asia, making the book’s coverage techniques acceptable worldwide.

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7). A significant percentage of recipients may also be the parents, offspring, or spouse of the remittance sender. Extended families, including aunts, uncles, or cousins also participate in the process. S. senders are and what motivates them to send. The first study, conducted in November and December of 2001, found that seven out of ten Latin American immigrants with relatives abroad were remittance senders. The follow-up study, conducted between January and April of 2004, was unique in allowing for state-by-state breakdowns as well as national analysis.

2001. The Hidden Architecture of Capitalism. htm) Hinojosa-Ojeda, Raul. 2003. Transnational Migration, Remittances and Development in North America: Globalization Lessons from the OaxaCalifornia Transnational Village/Community Project. Report prepared for MIF-IDB on behalf of the North American Integration Department, University of California, Los Angeles, and presented at MIF conference, Remittances as a Development Tool in Mexico, October 28, Mexico City. Multilateral Investment Fund of the Inter-American Development Bank (MIFIDB).

Wharton School Publishing/Pearson Education Inc. Copyright © by the Inter-American Development Bank. All rights reserved. org/pub CHAPTER 1 Copyright © by the Inter-American Development Bank. All rights reserved. org/pub This page intentionally left blank A Survey of Remittance Senders and Receivers Roberto Suro Remittances: Small Senders, Big Business Until recently, the financial behavior of Latino immigrants in the United States and of their families back home aroused little attention outside their own communities.

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