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Remittances in the Pacific Region

Remittances in the Pacific Region by Aiko Mineshima
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Remittances are large and have grown substantially over the past decade in the Pacific region. This primarily reflects the impact of emigration due to low growth and limited employment prospects at home. Many Pacific emigrants settle abroad with their families for long periods, but maintain close links with their relatives, villages and churches. The paper finds that the altruistic motive for remittances remains much stronger in the Pacific region than in the rest of Asia, where investment considerations increasingly appear to predominate, especially for the large share of single citizens working abroad for limited periods.
International Monetary Fund; February 2007
14 pages; ISBN 9781452784434
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Title: Remittances in the Pacific Region
Author: Aiko Mineshima; Christopher Browne