engleski

South-East Europe- Migration and Remittances

The significant and noticeable emigration from SE Europe is bringing, in the recent years, a considerable increase in inward remittances to those countries. This flow is, according to all investigations, considerably higher than registered – partly because of high transfers costs in some countries for remittances. Often, they are coming “illegally” what hampers development- oriented investment. Since remittances are private capital transfers, like foreign direct investments, they are not subject to any government development planning. However, they are many means by which the governments could stimulate investments from these inflows to the particular sector s of national economy (tourism is one of them). Taken together, facilitation of transfer costs, inclusiveness of financial sectors and provisions of investment opportunities can increase the macroeconomic gains from remittances to the recipient country. Taken together, facilitation, reduction of transfer costs, inclusiveness of financial sectors and provisions of investment opportunities can increase the macroeconomic gains in the recipient countries.

migratory movements; remittances; foreign direct investment

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