lecture note 10

5 georgia 83 moldova 228 dominican republic 117 sri

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Unformatted text preview: .7 Philippines 9.9 Note: “Remittances” refer to the sum of the “compensation of employees”, “worker’s remittances”, and “other current transfers in other sectors”. Source: IMF, Balance of Payments Statistics Yearbook, 2003; World Bank, World Development Indicators, 2003. Statlink: http://dx.doi.org/10.1786/614135851320 142 INTERNATIONAL MIGRATION OUTLOOK: SOPEMI 2006 EDITION – ISBN 92-64-03627-X – © OECD 2006 III. INTERNATIONAL MIGRANT REMITTANCES AND THEIR ROLE IN DEVELOPMENT Chart III.3. Per capita migrants’ remittances by region, 1998-2002, US dollars Africa Asia Eastern Europe Latin America and Caribbean Middle East Average USD 100 90 80 70 60 50 40 30 20 10 0 1998 1999 2000 Source: IMF, Balance of Payments Statistics Yearbook, 2003. 2001 2002 Statlink: http://dx.doi.org/10.1786/813418634166 Another way of comparing capital flows internationally is by looking at the amounts received per capita: the regions that received above-average levels of remittances in 2002 were the Middle East with 305%, Latin America and the Caribbean, 210%, and eastern Europe 165%. Asia and Africa received remittances below the 2v002 average of USD 28.53, at proportions of respectively, 72% and 61% (Chart III.3). Regarding the per capita remittances received by different developing countries, the distribution is even more unequal: Israel, Tonga, Barbados, Jamaica and Jordan received in 2002 the highest amounts of remittances per capita (Table III.3), each exceeding by 1 500% the average per capita remittances received by developing countries. Table III.3. Top 30 developing countries with the highest remittances per capita received, 2002 US dollars Remittances per capita Remittances per capita Remittances per capita Israel 583 Dominican Republic 289 Korea 159 Tonga 563 Slovenia 288 Belize 154 Barbados 512 Cyprus 280 Mauritius 139 Jamaica 510 FYROM 278 Czech Republic 132 Jordan 431 Latvia 270 Tunisia 114 West Bank and Gaza 344 Bosnia and Herzegovina 234 Mexico 114 Malta 332 Albania 229 Chinese Taipei 113 112 Cape Verde 321 Vanuatu 209 Ecuador Croatia 320 Guatemala 174 Morocco 111 El Salvador 317 Guyana 167 Honduras 109 Note: “Remittances” refer to the sum of the “compensation of employees”, “worker’s remittances”, and “other current transfers in other sectors”. Source: IMF, Balance of Payments Statistics Yearbook, 2003; World Bank, World Development Indicators, 2003. Statlink: http://dx.doi.org/10.1786/701528020322 144 INTERNATIONAL MIGRATION OUTLOOK: SOPEMI 2006 EDITION – ISBN 92-64-03627-X – © OECD 2006 Foreign Assets in the U.S.: Net, Capital Inflow {+}: Billions of Dollars: S 800 700 600 500 400 300 200 100 0 -100 -200 http://www.economagic.com/ Oct 19 2010 19 60 19 65 19 70 19 75 19 80 19 85 19 90 19 95 20 00 20 05 20 10...
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