DVM 3140 Study Guide - Midterm Guide: Microfinance, Developed Country, Tertiary Sector Of The Economy

• School: University of Ottawa
• Department: International Development and Globalization
• Course: DVM 3140
• Professor: Salamat Tabbasum

Document Summary

Workers" remittances: an important and stable source of external development finance dilip ratha. Remittance flows are the second-largest source, behind fdi, of external funding for developing countries. Remittances to low-income countries were larger as a share of gdp and imports than were those to middle income countries. Remittances are often invested by the recipients, particularly in countries with sound economic policies. Remittances were one of the least volatile sources of foreign exchange earnings for developing countries. Migrants may increase remittances in times of economic hardship, especially in low-income countries where their families may depend significantly on remittances as a source of income and may live at close to subsistence levels. Remittances are used in many countries to build schools and clinic for a study of remittances sent to mali from france remittances were a source of investment in mexico and the arab republic of egypt. Greater international migration brings great benefits to the whole world economy.