International Remittances and Development: Existing Evidence, Policies and Recommendations

INTAL/ITD Occasional Paper No. 41

Posted: 10 Mar 2006

See all articles by Ernesto Lopez Cordova

Ernesto Lopez Cordova

Inter-American Development Bank (IDB)

Alexandra Olmedo

Université Paris X Nanterre

Date Written: January 2006

Abstract

In this paper we survey the recent literature assessing the development impact of international migrant remittances. We begin by arguing that international migration should be fully incorporated in ongoing debates on the impact of globalization. We show that, despite methodological challenges, there is an emerging body of evidence suggesting that migrant remittances can have an important impact on development and household welfare. Remittances appear to help in poverty reduction, accumulation of human capital, investment and saving. Finally, we offer an account of existing policies and recommendations to facilitate remittance flows and to take advantage of their developmental potential.

Keywords: Remittances, migration, globalization, development, Mexico

JEL Classification: I0, F2, O15

Suggested Citation

Lopez-Cordova, Ernesto and Olmedo, Alexandra, International Remittances and Development: Existing Evidence, Policies and Recommendations (January 2006). INTAL/ITD Occasional Paper No. 41 , Available at SSRN: https://ssrn.com/abstract=888531

Ernesto Lopez-Cordova (Contact Author)

Inter-American Development Bank (IDB) ( email )

1300 New York Avenue NW
Washington, DC 20577
United States

Alexandra Olmedo

Université Paris X Nanterre ( email )

Room G301, Building G
92001 Nanterre Cedex, 92001
France

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