CEPAL Review

Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of economic reform and transfer of technology. Written in English and Spanish (Revista de la Cepal), each tri-annual issue offers approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.

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International migration and development: The socioeconomic impact of remittances in Colombia

Remittances to Colombia have grown rapidly over the last few years, and their economic significance is increasing apace. This article provides a detailed analysis of the economic and social effects of these currency flows and draws attention to the potential long-term risks involved. Accordingly, it analyses trends in remittances in Colombia over the last few years, paying special attention to their importance to the country’s economy and the socioeconomic characteristics of their senders and recipients. This analysis is followed by an assessment of remittances in Colombia which indicates that, while they may help to improve the situation of the country, they also entail a number of costs that may, in the long term, be detrimental to its economy.

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