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The Development Dimension Migration, Remittances and Development: TURNING REMITTANCES INTO INVESTMENTS

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Abstract:

The re‐discovery of remittances as a major international financial flow has increased ambitions to manage and channel these funds into formal sector financial markets, to be used as loan funds for development projects or to be invested in the economy. Before devising grandiose schemes to re‐direct them away from their current channels and uses, it should be remembered that remittances are privately owned funds.

Document Type: Review Article

Publication date: 2005-11-01

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