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Brain Drain and Remittances

The ‘Brain Drain’

Remittances

“With the number of migrants worldwide now reaching almost 200 million, their productivity and earnings are a powerful force for poverty reduction. “Remittances, in particular, are an important way out of extreme poverty for a large number of people. The challenge facing policymakers is to fully achieve the potential economic benefits of migration, while managing the associated social and political implications."  
 
François Bourguignon, Senior Vice President and Chief Economist, The World Bank
 
 
Migrants Remittances and Development: Myths, Rhetoric and Realities International Organization for Migration (IOM), 2006,
 
 
Migrant Remittances to Developing Countries prepared for DFID, June 2003.
 
 

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