[PDF.12dd] International Remittance Payments and the Global Economy (Routledge Studies in the Modern World Economy)

International Remittance Payments and the Global Economy (Routledge Studies in the Modern World Economy)

[PDF.ac90] International Remittance Payments and the Global Economy (Routledge Studies in the Modern World Economy)

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 | #3779762 in eBooks |  2014-08-07 |  2014-08-07 | File type: PDF

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||About the Author||Dr. Bharati Basu is a professor in the Department of Economics at Central Michigan University |James T. Bang is assistant professor in the Department of Finance, Economics and Decision Science, St Ambrose University, USA

International Remittance Payments are described mainly as money sent by immigrants to their families and friends in their home countries. These payments provide an important source of income that is mostly used to provide for a variety of basic needs of the non-migrating members of immigrant families and thus remittance payments can be considered as a tool to reduce the poverty level of the labor sending countries. However, remittances are also used for asset accumula...

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