CEU Electronic Theses and Dissertations, 2009
| Author | Sharma, Amrita |
|---|---|
| Title | THE RISE OF GLOBAL REMITTANCE ARCHITECTURE: A DEMAND [OR SUPPLY] DRIVEN PHENOMENON? |
| Summary | In contrast to the pessimism of the 80s there is a 180 degree turn-around in the new migration discourse which finds remittances to be the ‘development mantra’ of the millennium. Pioneered by World Bank and supported by a mix of international financial institutions, NGOs and sending states, we witness rise of a new financial architecture comprising of norms, standards and dedicated agencies to manage remittances. The assertion is that greater financial inclusion of migrants would enhance the effectiveness of remittances. This study takes an in-depth look at this discourse and the assumptions behind it. We find that there is a greater agency element in the process than is being currently admitted. The process is triggered more by the supply of institutions than an expressed need of the market for institutions to address market failures. The writer argues that the current trend is problematic and puts undue burden on migration to finance development. |
| Supervisor | Bodenstein Thilo Daniel |
| Department | Public Policy MA |
| Full text | https://www.etd.ceu.edu/2009/sharma_amrita.pdf |
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