Catalogue


Remittances : development impact and future prospects /
editors, Samuel Munzele Maimbo, Dilip Ratha.
imprint
Washington, DC : World Bank, c2005.
description
xx, 378 p. : ill. ; 23 cm.
ISBN
0821357948 (pbk.)
format(s)
Book
Holdings
More Details
added author
imprint
Washington, DC : World Bank, c2005.
isbn
0821357948 (pbk.)
general note
Proceedings of a 2003 conference organized by the Department for International Development, IMF, and World Bank.
catalogue key
5560576
 
Includes bibliographical references and index.
A Look Inside
Reviews
This item was reviewed in:
Reference & Research Book News, August 2005
To find out how to look for other reviews, please see our guides to finding book reviews in the Sciences or Social Sciences and Humanities.
Summaries
Long Description
Re-mit-tance n. 1. The sending of money to someone at a distance. 2. The sum of money sent.New research shows the astonishing scope of remittances, with formally documented flows now estimated at $90 billion for 2003. Globally, remittances now constitute the largest source of financial flows to developing countries after Foreign Direct Investment (FDI), and indeed in many countries they now exceed FDI flows.Remittances explores policy options for enhancing the poverty alleviation impact of remittance money in recipient countries, and addressees concerns about increasing migration and inequality. It looks at new technologies that allow remittance service providers to reduce direct transaction costs and open new channels, enhancing convenience for remitters and improving levels of transparency and accountability for regulators and policy makers.Importantly, it also establishes a baseline for further research and collaborative effort, showing the areas where the international financial institutions, particularly the World Bank, can add value to enhance the positive impact of remittance flows and minimize less welcome effects.Edited by Samuel Munzele Maimbo, who has already published authoritative articles on this subject, and Dilip Ratha, who first revealed the global significance of remittances, this book is intended for remittance service providers, as well as policy makers and researchers interested in financial sector, migration and development issues.
Short Annotation
At $90 billion globally, remittances represent the largest financial flow to developing countries after Foreign Direct Investment (FDI); what can be done to maximize their development impact and alleviate poverty?
Unpaid Annotation
Globally, remittances now constitute the largest source of financial flows to developing countries after Foreign Direct Investment (FDI). Remittances explores policy options for enhancing the poverty alleviation impact of remittance money in recipient countries, and addresses concerns about increasing migration and inequality. Edited by Samuel Munzele Maimbo, who has already published authoritative articles on this subject, and Dilip Ratha, who first revealed the global significance of remittances, this book is intended for remittance service providers, as well as policy makers and researchers interested in financial sector, migration and development issues.
Main Description
Migrants have long faced unwarranted constraints to sending money to family members and relatives in their home countries, among them costly fees and commissions, inconvenient formal banking hours, and inefficient domestic banking services that delay final payment to the beneficiaries. Yet such remittances are perhaps the largest source of external finance in developing countries. Officially recorded remittance flows to developing countries exceeded US$125 billion in 2004, making them the second largest source of development finance after foreign direct investment. This book demonstrates that governments in developing countries increasingly recognize the importance of remittance flows and are quickly addressing these constraints.
Unpaid Annotation
Re-mit-tance n. 1. The sending of money to someone at a distance. 2. The sum of money sent. New research shows the astonishing scope of remittances, with formally documented flows now estimated at $90 billion for 2003. Globally, remittances now constitute the largest source of financial flows to developing countries after Foreign Direct Investment (FDI), and indeed in many countries they now exceed FDI flows. Remittances explores policy options for enhancing the poverty alleviation impact of remittance money in recipient countries, and addressees concerns about increasing migration and inequality. It looks at new technologies that allow remittance service providers to reduce direct transaction costs and open new channels, enhancing convenience for remitters and improving levels of transparency and accountability for regulators and policy makers. Importantly, it also establishes a baseline for further research and collaborative effort, showing the areas where the international financial institutions, particularly the World Bank, can add value to enhance the positive impact of remittance flows and minimize less welcome effects. Edited by Samuel Munzele Maimbo, who has already published authoritative articles on this subject, and Dilip Ratha, who first revealed the global significance of remittances, this book is intended for remittance service providers, as well as policy makers and researchers interested in financial sector, migration and development issues.
Main Description
Re-mit-tance n. 1. The sending of money to someone at a distance. 2. The sum of money sent.New research shows the astonishing scope of remittances, with formally documented flows now estimated at US$90 billion for 2003. Globally, remittances now constitute the largest source of financial flows to developing countries after foreign direct investment (FDI). Indeed, in many countries they now exceed FDI flows.Remittances: Development Impact and Future Prospects explores policy options for enhancing the poverty alleviation impact of remittance money in recipient countries, and addressees concerns about increasing migration and inequality. It looks at new technologies that allow remittance service providers to reduce direct transaction costs and open new channels, enhancing convenience for remitters and improving levels of transparency and accountability for regulators and policy makers.The book also establishes a baseline for further research and collaborative effort, showing the areas where the international financial institutions, particularly the World Bank, can add value to enhance the positive impact of remittance flows and minimize less welcome effects.Edited by Samuel Munzele Maimbo, who has already published authoritative articles on this subject, and Dilip Ratha, who first revealed the global significance of remittances, this book is intended for remittance service providers, as well as policy makers and researchers interested in financial sector, migration and development issues.
Bowker Data Service Summary
'Remittances' explores policy options for enhancing the poverty alleviation impact of remittance money in recipient countries. It also addresses concerns about increasing migration and inequality and looks at new technologies that allow remittance service providers to reduce direct transaction costs and open new channels.
Long Description
An excellent examination of the global remittances policy agenda, Remittances: Development Impact and Future Prospects is a timely and exciting resource for academics, development institutions, central banks, and all policy makers in developed and developing countries. Hernando de Soto President, Institute for Liberty and Democracy Re-mit-tance n. 1. The sending of money to someone at a distance. 2. The sum of money sent. New research shows the astonishing scope of remittances, with formally documented flows now estimated at $90 billion for 2003. Globally, remittances now constitute the largest source of financial flows to developing countries after Foreign Direct Investment (FDI), and indeed in many countries they now exceed FDI flows. Remittances explores policy options for enhancing the poverty alleviation impact of remittance money in recipient countries, and addressees concerns about increasing migration and inequality. It looks at new technologies that allow remittance service providers to reduce direct transaction costs and open new channels, enhancing convenience for remitters and improving levels of transparency and accountability for regulators and policy makers. Importantly, it also establishes a baseline for further research and collaborative effort, showing the areas where the international financial institutions, particularly the World Bank, can add value to enhance the positive impact of remittance flows and minimize less welcome effects. Edited by Samuel Munzele Maimbo, who has already published authoritative articles on this subject, and Dilip Ratha, who first revealed the global significance of remittances, this book is intended for remittance service providers, as well as policy makers and researchers interested in financial sector, migration and development issues.
Unpaid Annotation
Explores policy options for enhancing the poverty alleviation of remittance money, and addresses concerns about increasing migration and inequality. It looks at new technologies that allow remittance service providers to enhance convenience for remitters and improve levels of transparency and accountability for regulators and policy makers.
Table of Contents
Remittances : an overviewp. 1
Remittance trends and determinantsp. 17
Workers' remittances : an important and stable source of external development financep. 19
Migrant remittances in Africa : a regional perspectivep. 53
Maximizing the development impact of remittancesp. 81
The socioeconomic impact of remittances on poverty reductionp. 83
Remittances and economic development in India and Pakistanp. 103
Migrant workers' remittances : a source of finance for micro-enterprise development in Bangladesh?p. 119
Migration and development : the Philippine experiencep. 133
Remittances from Canada to Central America and the Caribbeanp. 143
Strengthening the formal financial infrastructure for remittancesp. 157
Exploring the credit union experience with remittances in the Latin American marketp. 159
Remittances and pyramid investment schemes in Albaniap. 175
International remittances : delivering fair valuep. 193
Increasing transparency in the informal financial infrastructure for remittancesp. 209
The regulation and supervision of informal funds transfer systemsp. 211
Regulation and supervision in a vacuum : the story of the Somali remittance sectorp. 227
A proposed framework to analyze informal funds transfer systemsp. 243
Migration, development, and remittancesp. 275
The impact of international migration and remittances on povertyp. 277
Transnationalism and development : trends and opportunities in Latin Americap. 307
Remittances : the new development mantra?p. 331
Table of Contents provided by Blackwell. All Rights Reserved.

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