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The New Economics of Labour Migration and the Role of Remittances in the Migration Process

Taylor, Edward J.·1999·International Migration

Abstract

In 1995, international migrant remittances exceeded US$70 billion. How have these remittances shaped development in migrant sending areas? Pessimistic views on migration and development pervade the literature. In contrast, the new economics of labour migration (NELM) argues that migration may set in motion a development dynamic, lessening production and investment constraints faced by households in imperfect market environments and creating income growth linkages. This article assesses the development potential of remittances from a NELM perspective and cites empirical evidence that remittances may be a positive factor in economic development. Governments in migrant origin countries may increase the development potential of remittances through a variety of economic policies. Creating a fertile ground for remittances to contribute to broad based income growth in migrant sending areas is a key to promoting development from migration.

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Metadata

Authors
Taylor, E. J.
Venue
International Migration
Publisher
Wiley
Published
1999-03
Volume
37
Issue
1
Pages
63-88
ISSN
  • 0020-7985 (ISSN-L)
  • 1468-2435
OpenAlex
W2150629004
Cited by
1,364
References
0
FWCI
34.18
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: The New Economics of Labour Migration and the Role of Remittances in the Migration Process. https://app.cochat.ai/papers/10.1111/1468-2435.00066
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Taylor, E. J. (1999). The New Economics of Labour Migration and the Role of Remittances in the Migration Process. International Migration. https://doi.org/10.1111/1468-2435.00066

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.