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An Analysis Of Remittance Tendencies Of Philippine Migrant Workers, Maryan S. Samson
An Analysis Of Remittance Tendencies Of Philippine Migrant Workers, Maryan S. Samson
CMC Senior Theses
In developing countries, remittances play a key role as a source of external finance. Remittances are a form of aid that migrant workers send back to their families, located in their home countries, in order to support the needs of the household. In about 25% of developing countries, remittances are larger than public and private capital flows combined (International Monetary Fund, 2009). In 2008, the Philippines economy was the 47th largest economy in the world with a GDP of $322 billion dollars (Asian Development Bank, Fact Sheet). Remittances accounted for over 10% of the Philippine economy, making the Philippines …