Read all posts for ‘remittances’

Migrant workers’ remittances across the world are receiving special attention due to the increase in movement of people resulting from globalisation. The money sent home by the migrant workers is another engine for development most especially in developing countries. This is because remittance flows directly impact on consumption, savings and […]

This article is written by Dragos C. Costache and Maria Zirra When Romania acceded to the EU in 2007, there was a wave of public euphoria. The country was already riding a major economic boom and there was an overwhelming sense of national pride that united the fragmented Romanian public […]

Memory is selective, but firm in many ways. The image comes from television: families weeping in the doorways of international lounges because a son, daughter, mother, father or husband and wife had to leave and find a real income in Europe, mainly in Spain and Italy. The relatives wouldn’t see […]

When the financial crisis hit the Western world, a saying spread throughout Macedonia: ‘We can’t be hit by the crisis, we’re always in crisis’ This was very true at the time. The financial crisis of 2007-2008 brought the collapse of powerful financial institutions and caused a downward spiral in the […]

Growing up in Central and South America, we were raised on tales of  the “American Dream”: how an immigrant could go to the USA and before long have a house, a car, a family and enough money to send back to his extended family in the home country. Things have […]