IMF authors on impact of remittances
In this article on remittances, published in the IMF's quaterly Finance & Development, the authors suggest that the "bottom line is that remittances cannot be a substitute for a sustained, domestically engineered development effort."
The authors, Sanjeev Gupta, Catherine Pattillo, and Smita Wagh, argue that "large-scale migration may hurt domestic labor markets in specific sectors, particularly when those leaving are mostly skilled workers.
High and rising remittance flows also require
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