1. Capitalizing on Migrantsâ Remittances for Financial Development: New Forms of Transnational Governance in the US-Mexican Context.
- Author
-
Stiegler, Ursula
- Subjects
- *
REMITTANCES , *POVERTY , *EQUALITY - Abstract
Remittances - the money that migrants send home to their families, a transnational phenomenon par excellence - have grown at extraordinary rates in the last two decades. Because of their development potential they have gained considerable attention by scholars and policymakers recently. Whereas up to now many studies have focused on the use of remittances and their impact on poverty and inequality, the potential contributions of remittances to the financial development of receiving countries is an emerging research field. Remittances can be a gateway to the financial sector for hitherto excluded individuals and households, though, especially when they are accompanied by specific governance initiatives. The paper presents an overview of such initiatives capitalizing on remittances for financial development from Mexico, one of the largest receiving countries in the world with significant sums of remittances from the United States. As a first step for a future analysis of factors of success, the initiatives are presented focusing on their different actor constellations, i.e. on the varying forms, in which state, market, and civil society actors from the remittance sending and receiving countries cooperate in these new forms of transnational governance. ..PAT.-Unpublished Manuscript [ABSTRACT FROM AUTHOR]
- Published
- 2009