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Details for Remittances in the Pacific - An Overview
| Property | Value |
| Name: | Remittances in the Pacific - An Overview |
| Description: | The report provides an overview of labor migration from Pacific island countries and the remittances that follow. Remittances have always been and continue to be a major feature of the Pacific island economies. They ensure a balance of payment surplus in most receiving countries. The dependence on remittances, particularly of Polynesian countries, is controversial. Some economists consider reliance on these private flows of funds critical as it leaves economies vulnerable to fluctuations outside the control of governments. There is also very little understanding about the reciprocity triggered by remittances and its impact on the balance of payments and on the gross national product. The lack of reliable and accurate data on remittances renders it difficult to address these concerns. The situation is further aggravated as remittances are underestimated due to informal unrecorded flows. Governments recognize the need for better data but are also aware of the sensitivity of these flows to official monitoring. |
| Filename: | Remittances in the Pacific - An Overview.pdf |
| Filesize: | 435.48 kB |
| Filetype: | pdf (Mime Type: application/pdf) |
| Creator: | Rosanna |
| Created On: | 01/03/2005 13:48 |
| Hits: | 242 Hits |
| Last updated on: | 03/17/2010 13:50 |
| Homepage: | http://www.adb.org/default.asp |