Remittances in the Pacific: An Overview
Connell, John; Brown, Richard P C | March 2005
Abstract
In many Pacific island countries, the remittances that flow from internal and international migrants to family members at home are a prominent feature of the national economy. Internal rural-urban migration produces some flows of goods and money, but international migration yields substantially greater ones. There have, however, been few studies of this migration-remittance nexus and even fewer are both detailed and statistically significant. Many are now more than a decade old and may no longer be valid. Information is therefore somewhat limited on the current use of remittances, on their real and potential contribution to domestic incomes and economic development, on their social influence, and on how they function as a safety net against hardship and poverty. Furthermore, many additional questions have not been thoroughly investigated including the extent to which remittances are sensitive to variables like foreign exchange rates, relative rates of interest and inflation, and the extent to which migration and remittances contribute to inequality. Remittances have raised living standards in the islands, they have contributed to employment especially in the service and construction sectors, and they have eased balance of payment problems despite contributing to inflation especially in the larger Polynesian countries. However, it has been argued that remittances have not generally been invested in economic growth, so increased demand for improved consumer goods can usually be met only by further migration. This particular issue is the principal theme of this overview.
Citation
Connell, John; Brown, Richard P C. 2005. Remittances in the Pacific: An Overview. © Asian Development Bank. http://hdl.handle.net/11540/2660. License: CC BY 3.0 IGO.Keywords
Asian Development Bank
Development
Sustainable Development
Urban Area
Urban Areas
Urban Population
Urbanization
Urban Services
Urban Projects
Urban Problems
Urban Poverty
Urban Policy
Urban Planning
Urban Infrastructure
Urban Health
Urban Government
Urban Economic Development
Urban Development Finance
Urban Development
Urban Conditions
Urban Communities
Urban Population
Economic development
Cities
Sustainable growth
Economic development
Urban Plans
Urbanism
Urban agriculture
Rural Urban Migration
Cities
Investment
Sustainable development
Local government
Urban renewal
Urban housing
Urban sociology
Transit systems
Rapid transit
Public transit
Mass transit
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