Overview

The goods and money sent by migrants to their friends and family in their country of origin is known as remittance. In developing countries, remittances are a significant source of social welfare as it helps reduce the severity and depth of poverty in these countries. Remittances are considered to be more stable than capital flow since they do not decrease during an economic crisis. They are also linked to higher household expenditure on small businesses, health and education. These migrant remittances have emerged in recent years as a critical contributor to development in migrant-sending countries of the global south. This book presents the social, economic, and political implications of migrant remittances. Coherent flow of topics, student-friendly language, and extensive use of examples make this book an invaluable source of knowledge.