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Remittances and FDI As Privately Provided International Aid

Author

Listed:
  • Olga Nicoara

    (Ursinus College)

  • Scott A. Burns

    (Ursinus College)

Abstract

This chapter discusses the role of personal remittances and Foreign Direct Investment (FDI) as forms of international private aid. We argue that remittances and FDIs are not only the most prevalent forms of private aid, but also the most effective forms at improving standards of living, market complexity, and the institutional prospects in poor nations. Globalization has increased the flow of remittances and FDI from developed to developing economies. The increased flow of funds across borders has led to the emergence of alternative payment technologies and microfinance institutions. These private, decentralized initiatives are better suited to address the specific needs of local communities than foreign aid and other top-down, state-led measures.

Suggested Citation

  • Olga Nicoara & Scott A. Burns, 2019. "Remittances and FDI As Privately Provided International Aid," Palgrave Macmillan Books,, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-3-030-22121-8_12
    DOI: 10.1007/978-3-030-22121-8_12
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