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A large number of refugees gained access to cash through Spanish pensions, remittances, funds obtained through the programme Vacaciones en Paz (Holidays in Peace), formal and informal microcredit including loans from NGOs and other refugees, and trade (de Juan Canales [2010]; Herz [2013]).
While remittances (funds sent home to the country of origin) may help reduce poverty and spur economic development, the effects of "brain drain" and parental absence can take their toll.
Migrations progressive effects, resulting largely from remittances (funds sent home to the country of origin), can be significantly undercut, however, by the challenging conditions facing children and women who are either left behind or who, in the process of migration, can fall victim to social and economic disruption or even human rights abuses and trafficking.
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We then allow for the possibility that remittance funds are more likely to be channeled to schooling where the return to education is highest.
Understanding differences in local economic conditions for households and how these affect household decisions may shed light on the use of remittance funds.
Indeed, it was the interest of Mexico to let people migrate since those who migrate provided Mexico with large remittance funds (about $368 per migrant on average).
Peking is in no hurry to take over either of the colonies-whose fortunes, both economic & political, are closely linked-because trade & remittances of funds from overseas Chinese funnelled through Communist banks in the British crown colony and, to a lesser extent, through brances of those banks in Macao, provide it with almost half of its foreign-exchange income of 3 billion dollars a year.
Another direct channel might be through remittances and funding of parties.
We cast doubt on three stylized facts or beliefs on migration and entrepreneurship namely that (i) migrants are more entrepreneurial than natives, (ii) migrant remittances can fund start-ups in the countries of origin and (iii) return migration can bring valuable entrepreneurial skills to developing home countries.
This paper provides insights into the importance of remittances in funding social support for family members in home countries.
(ii) Are migrant remittances likely to fund entrepreneurship in their home countries?
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