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The Development Dimension Migration, Remittances and Development: REMITTANCES AND DEVELOPMENT: THE CASE OF GREECE

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Remittances impact on the economy in two basic ways: in the form of foreign exchange they alleviate the balance of payments burden and pay for imports, while in the form of local currency they increase demand for consumption goods and investment.Both functions are very important for poor or developing countries with high rates of emigration, which more often than not have chronic problems in their international transactions and deficiencies in their productive investment activity.

Document Type: Review Article

Publication date: November 1, 2005

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