Harnessing remittances and diaspora knowledge for productive capacities in LDCs
- Author: United Nations Conference on Trade and Development
- Main Title: The Least Developed Countries Report 2012 , pp 23-40
- Publication Date: December 2012
- DOI: https://doi.org/10.18356/6c33218a-en
- Language: English French, Spanish
Remittances have attracted increasing attention in the international discourse, partly owing to their remarkable growth over the last decade (Ratha, 2003; Solimano, 2005; UNECA, 2007; UNDESA, 2012b; UNDP, 2009). A growing consensus is emerging that remittances constitute a significant source of external financing, whose availability, if managed through appropriate policies, could prove particularly valuable for capital-scarce developing countries (especially those with larger diasporas). The jury is still out on whether or not they are the most stable and predictable source of development finance. While some unresolved questions remain as to their macroeconomic impact, a large body of evidence suggests that remittances contribute to poverty reduction and improved health care and education.
© United Nations
ISBN (PDF):
9789210559195
Book DOI:
https://doi.org/10.18356/085f7f7f-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
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