The Latin Americanist
The English-language forum for all things Latin American, covering business, politics, and culture.
Friday, June 16, 2006
Can remittances hurt countries?
Several countries in
Latin America
that benefit greatly from the remittances sent to their country from abroad.
The region received
$52 billion
in money sent from abroad, and
governments and banks are making it easier to send out remittances
.
Yet recent analysis seems to show that remittances may not be without its flaws.
In
El Salvador
, for instance, economists worry that
remittances are increasing the cost of living
, while in the
Dominican Republic
remittances are not reaching the poorest people
.
Is
Latin America
relying too much on remittances, or are the economists a little too alarmist?
latin america
,
international economy
,
remittance
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