Monthly Archives: June 2015

A migration development bank that works

There are two critical factors to the contemporary phase of global labor migration: diaspora and remittances (small foreign currency transfers from host to home economies). Both can be the forces contributing to and fostering macroeconomic development in (usually) structurally weaker home (sender) economies.The way to do it?

In a recent essay entitled “Toward a Migration Development Bank for Transition Economies” Otaviano Canuto and I try to rationalize some optimal solutions. Continue reading