The Development Dimension Migration, Remittances and Development: INTERNATIONAL MIGRANT REMITTANCES AND THEIR ROLE IN DEVELOPMENT
Migrant remittances are a steadily growing external source of capital for developing countries. While foreign direct investments and capital market flows fell sharply in the last years due to the recession in the high income countries, migrant remittances continued to grow, reaching USD 149.4 billion in 2002.
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Document Type: Review Article
Publication date: 2005-11-01