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The New Economics of Labour Migration and the Role of Remittances in the Migration Process
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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Citations
Cited by
Migration in the age of involuntary immobility: Theoretical reflections and Cape Verdean experiences
Carling, J. (2002) · Journal of Ethnic and Migration Studies · doi:10.1080/13691830120103912 · Cited by 1,134
International migration, remittances and development: myths and facts
De Haas, H. (2005) · Third World Quarterly · doi:10.1080/01436590500336757 · Cited by 759
Diaspora Institutions and Diaspora Governance
Gamlen, A. (2014) · International Migration Review · doi:10.1111/imre.12136 · Cited by 326
Comparing and theorizing state–diaspora relations
Délano, A., & Gamlen, A. (2014) · Political Geography · doi:10.1016/j.polgeo.2014.05.005 · Cited by 263
“…(Stark & Bloom, 1985) placed migrant remittances at the center of migration theory: where credit and insurance markets were weak, households sent emigrants abroad so as to access remittances to tide them through insecure times and allow economic expansion (Massey & Parrado, 1994; Taylor, 1999).”
BackgroundNawrotzki, R. J., Riosmena, F., & Hunter, L. M. (2013) · Population Research and Policy Review · doi:10.1007/s11113-012-9251-8 · Cited by 134
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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- 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).
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