Immigrants' Remittances and Economic Development: The Philippine Scenario

• In Event: Deconstructing Mediated Myths of the Marginalized

Abstract

In an era of globalization, development scholars, international institutions and governments worldwide are becoming more convinced that remittances sent by immigrants are a potential development tool. While some studies argue that international migration results in brain drain, educated unemployment, and dependency in developing countries; other studies have shown there are more gains from migration through immigrants’ remittances. The paper concludes with the case of the Filipino immigrants’ enormous contribution to its developing economy.

Author

• Louella Lim Lofranco, Southwest Minnesota State University