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The Development Dimension Migration, Remittances and Development: EMIGRANTS' REMITTANCES ‐ A POTENTIALLY IMPORTANT DEVELOPMENT TOOL: THE CASE OF ITALY

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Abstract:

At USD 126 billion in 2004,1 officially recorded workers' remittances to developing countries have become the second largest source of external finance after foreign direct investment (FDI). If it were possible to take into account also unofficial flows and in‐kindtransfers, remittances might already represent the largest aggregate financial flow fromdeveloped to developing economies.

Document Type: Review Article

Publication date: 2005-11-01

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