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International Migration Research Centre

The Impact of the Global Financial Crisis on Remittancing: Implications for Developing Countries


Indianna D. Minto-Coy

published: 2010 | Research publication | CIGI - University of Waterloo

Abstract

Dialogue on diasporas and their role in the development

of the home country has grown in the last twenty years

and Caribbean states have begun to identify ways they can

engage their nationals residing abroad in this process.

Those in the region looking to harness the power of the

diaspora have turned their attention to the example of

Ireland, a country with a large diaspora that has contributed

significantly to its national advancement. By highlighting

the lessons of the Irish experience, this paper argues that

while the Caribbean’s diaspora has the desire to contribute

and does help through remittances, there remain a number

of challenges to this participation including perceptions

of security and stability, establishing the conditions necessary

for attracting investment and a lack of confidence

in government institutions in the region.

Download: PDF (246k)    The_Impact_of_the_Global_Financial_Crisis_on_Remittancing.pdf

revised Nov 26/10

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