Remittances and Development

Description

Workers' remittances have become a major source of financing for developing countries and are especially important in Latin America and the Caribbean, which is at the top of the ranking of remittance receiving regions in the world. While there has been a recent surge in analytical work on the topic, this book is motivated by the large heterogeneity in migration and remittance patterns across countries and regions, and by the fact that existing evidence for Latin America and the Caribbean is restricted to only a few countries, such as Mexico and El Salvador. Because the nature of the phenomenon varies across countries, its development impact and policy implications are also likely to differ in ways that are still largely unknown. This book helps fill the gap by exploring, in the specific context of Latin America and Caribbean countries, some of the main questions faced by policymakers when trying to respond to increasing remittances flows. The book relies on cross-country panel data and household surveys for 11 Latin American countries to explore the development impact of remittance flows along several dimensions: growth, poverty, inequality, schooling, health, labor supply, financial development, and real exchange rates.

Sujets

• Poverty
• Dutch disease
• Financial regulation

Informations

• Publié par: world-bank-publications
• Publié le: 08 février 2008
• Nombre de lectures: 35
• EAN13: 9780821368718
• Langue: English
• Poids de l'ouvrage: 4 Mo

Extrait

Remittances
and Development
LESSONS FROM
LATIN AMERICA

Edited by
Pablo Fajnzylber
J. Humberto LópezRemittances and Development Remittances and
Development
Lessons from Latin America
Edited by
Pablo Fajnzylber and
J. Humberto López© 2008 The International Bank for Reconstruction and Development / The World Bank
1818 H Street NW
Washington DC 20433
Telephone: [phone]
Internet: www.worldbank.org
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All rights reserved
1 2 3 4 11 10 09 08
This volume is a product of the staff of the International Bank for Reconstruction and
Development / The W orld Bank. The findings, interpretations, and conclusions expressed in
this volume do not necessarily reflect the views of the Executive Directors of The World Bank
or the governments they represent.
The World Bank does not guarantee the accuracy of the data included in this work. The
boundaries, colors, denominations, and other information shown on any map in this work do
not imply any judgement on the part of The World Bank concerning the legal status of any
territory or the endorsement or acceptance of such boundaries.
Rights and Permissions
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All other queries on rights and licenses, including subsidiary rights, should be addressed
to the Office of the Publisher, The World Bank, 1818 H Street NW, Washington, DC 20433,
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ISBN: 978-0-8213-6870-1
eISBN: 978-0-8213-6871-8
DOI: 10.1596/978-0-8213-6870-1
Library of Congress Cataloging-in-Publication Data
Remittances and development : lessons from Latin America / edited by Pablo Fajnzylber and
J. Humberto Lopez.
p. cm.—(Latin American development forum series)
Includes bibliographical references and index.
ISBN-13: 978-0-8213-6870-1
ISBN-10: 0-8213-6870-2
ISBN-13: 978-0-8213-6871-8 (electronic)
1. Emigrant remittances—Latin America. 2. Economic development—Latin America.
I. Fajnzylber, Pablo. II. Lopez, J. Humberto. III. World Bank.
HG3915.5.R47 2007
338.98—dc22
2007036235
Cover design: ULTRAdesigns Latin American Development
Forum Series
This series was created in 2003 to promote debate, disseminate informa-
tion and analysis, and convey the excitement and complexity of the most
topical issues in economic and social development in Latin America and
the Caribbean. It is sponsored by the Inter-American Development Bank,
the United Nations Economic Commission for Latin America and the
Caribbean, and the World Bank. The manuscripts chosen for publication
represent the highest quality in each institution’s research and activity
output and have been selected for their relevance to the academic com-
munity, policy makers, researchers, and interested readers.
Advisory Committee Members
Inés Bustillo, Director, Washington Office, Economic Commission for
Latin America and the Caribbean, United Nations
José Luis Guasch, Senior Adviser, Latin America and the Caribbean Region,
World Bank; and Professor of Economics, University of California,
San Diego
Santiago Levy, General Manager and Chief Economist, Research Depart-
ment, Inter-American Development Bank
Eduardo Lora, Principal Adviser, Research Department, Inter-American
Development Bank
José Luis Machinea, Executive Secretary, Economic Commission for Latin
America and the Caribbean, United Nations
Luis Servén, Research Manager, Development Economics Vice Presidency,
World Bank
Augusto de la Torre, Chief Economist, Latin America and the Caribbean
Region, World Bank
v Other Titles in the Latin
American Development
Forum Series
New Titles
China’s and India’s Challenge to Latin America: Opportunity or Threat?
(2008) by Daniel Lederman, Marcelo Olarreaga, and Guillermo Perry,
editors
Fiscal Policy, Stabilization, and Growth: Prudence or Abstinence? (2007)
by Guillermo Perry, Luis Servén, and Rodrigo Suescún, editors
Raising Student Learning: Challenges for the 21st Century (2007) by
Emiliana Vegas and Jenny Petrow
Published Titles
Investor Protection and Corporate Governance: Firm-level Evidence
Across Latin America (2007) by Alberto Chong and Florencio López-de-
Silanes, editors
The State of State Reform in Latin America (2006) by Eduardo Lora,
editor
Emerging Capital Markets and Globalization: The Latin American Expe-
rience (2006) by Augusto de la Torre and Sergio L. Schmukler
Beyond Survival: Protecting Households from Health Shocks in Latin
America (2006) by Cristian C. Baeza and Truman G. Packard
Natural Resources: Neither Curse nor Destiny (2006) by Daniel Lederman
and William F. Maloney, editors
Beyond Reforms: Structural Dynamics and Macroeconomic Vulnerability
(2005) by José Antonio Ocampo, editor
viiviii OTHER TITLES IN THE SERIES
Privatization in Latin America: Myths and Reality (2005) by Alberto Chong
and Florencio López-de-Silanes, editors
Keeping the Promise of Social Security in Latin America (2004) by Indermit
S. Gill, Truman G. Packard, and Juan Yermo
Lessons from NAFTA: For Latin America and the Caribbean (2004) by
Daniel Lederman, William F. Maloney, and Luis Servén
The Limits of Stabilization: Infrastructure, Public Deficits, and Growth in
Latin America (2003) by William Easterly and Luis Servén, editors
Globalization and Development: A Latin American and Caribbean Per-
spective (2003) by José Antonio Ocampo and Juan Martin, editors
Is Geography Destiny? Lessons from Latin America (2003) by John Luke
Gallup, Alejandro Gaviria, and Eduardo LoraAbout the Contributors
Pablo Acosta is an Economist in the Research Department of the Corpo-
ración Andina de Fomento, Caracas, Venezuela.
Maurizio Bussolo is a Senior Economist in the Development Prospects
Group, World Bank, Washington, DC.
Cesar Calderón is an Economist in the Office of the Chief Economist for the
Latin America and the Caribbean Region, World Bank, Washington, DC.
Massimo Cirasino is Head of the Payment Systems and Remittances Services
Unit of the Financial and Private Sector Development Vice Presidency,
World Bank, Washington, DC.
Pablo Fajnzylber is a Senior Economist in the Office of the Chief
Economist for the Latin America and the Caribbean Region, World Bank,
Washington, DC.
Mario Guadamillas is a Senior Financial Economist in the Finance and
Private Sector Development Department of the Latin America and the
Caribbean Region, World Bank, Washington, DC.
J. Humberto López orld Bank,
Washington, DC.
María Soledad Martínez Pería is a Senior Economist in the Development
Research Group, World Bank, Washington, DC.
Yira Mascaró is a Senior Financial Economist in the Finance and Private
Sector Development Department of the Latin America and the Caribbean
Region, World Bank, Washington, DC.
Florencia Moizeszowicz is a consultant in the Financial Sector Assessment
Program Unit of the Financial and Private Sector Development Vice Presi-
dency, World Bank, Washington, DC.
ix