Migration, Remittances and Growth

  • Riccardo Faini
Part of the Studies in Development Economics and Policy book series (SDEP)

Abstract

In the nineteenth century, migration flows played a key role in fostering income convergence between Europe and the United States (O’Rourke et al., 1996). In the present globalization episode, however, the role of migration is much more limited (Faini et al., 1999). This is not because of lack of economic incentives. If anything, income differentials between sending and receiving countries are significantly larger than they were less than a century ago (Pritchett, 1997).

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© United Nations University — World Institute for Development Economics Research 2005

Authors and Affiliations

  • Riccardo Faini

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