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Migration, Remittances and Development

image of Migration, Remittances and Development

This publication presents the current situation with regard to the magnitude and economic impact of migrants’ remittances to their countries of origin. In 2004, remittances exceeded official development aid in several emigration countries: they totalled USD 126 billion according to IMF estimates.

The book surveys the channels used to collect these funds; the role of banking systems and other financial institutions; the introduction of new technologies and their impact on fund collection; how the funds are transferred; and how to reduce the costs. Focus is also placed on the different ways in which migrants themselves participate -- together with non-governmental organisations, host countries and sending countries -- to open up new avenues for policies on development aid and co-development. The direct role that migrants can play at the local level is highlighted.

Several countries and regions are illustrated: Southern European countries, Mexico, Turkey, North African and sub-Saharan African countries, the Philippines and some Latin American countries.

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Social Learning as a Productive Project: The Tres Por Uno (Three for One) Experience at Zacatecas, Mexico

Fleshy organic peaches grown by former migrants who picked up state-of-the-art agricultural technologies while toiling in Napa’s organic vineyards, packed and shipped to exclusive grocery stores in wealthy urban areas in the United States; smoky mezcal bearing a label dedicating it to migrants who have crossed the border lining the shelves of liquor stores in the communities where those very migrants live and work;

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