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Recruitment, remittances, and returns

In: Handbook of Globalisation and Development

Author

Listed:
  • Philip Martin
  • Ibrahim Sirkeci

Abstract

Remittances to developing countries, monies sent by international migrants to their countries of origin, topped $1 billion a day a decade ago and are projected to reach $440 billion in 2015. Remittances to developing countries surpassed official development aid in the mid-1990s and have risen much faster than the number of international migrants. Remittances help migrants and their families to achieve upward mobility and open a window to faster economic and job growth in migrant countries of origin. Remittances raise two major issues: how to maximise the flow of monies that migrants send home voluntarily and how to ensure that remittances reduce poverty and spur development in migrant areas of origin. Sound economic policies that provide investment opportunities maximise inward remittance flows, but there is no formula to ensure that remittances spur broader economic development.

Suggested Citation

  • Philip Martin & Ibrahim Sirkeci, 2017. "Recruitment, remittances, and returns," Chapters, in: Kenneth A. Reinert (ed.), Handbook of Globalisation and Development, chapter 18, pages 312-330, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15966_18
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    File URL: https://www.elgaronline.com/view/9781783478644.00027.xml
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    Citations

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    Cited by:

    1. Ibrahim Sirkeci, 2017. "Turkey’s refugees, Syrians and refugees from Turkey: a country of insecurity," Migration Letters, Migration Letters, vol. 14(1), pages 127-144, January.
    2. Ahsan Ullah, 2017. "Do remittances supplement South Asian development?," Remittances Review, Remittances Review, vol. 2(1), pages 31-45, May.
    3. Ayşegül Kayaoğlu, 2017. "Hometown associations, urban-to-rural collective remittances and rural development in Turkey," Remittances Review, Remittances Review, vol. 2(2), pages 121-136, October.

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