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For international migrants seeking employment in the United States, the desire to remit a portion of their earnings to their home countries is a time-honored custom. The flow of money southward from the United States has evolved from a stream flowing from families through informal networks to a major river with new tributaries fed by transnational migrant organizations, channeled through an increasingly formal marketplace, and attracting the involvement of home country governments. This volume tracks the evolution of the flow of money 'home,' offering new data to enhance the picture and understanding of this important economic phenomenon.
Part 1 I The Developmental Role of Remittances in U. S. Latino Communities and Latin American Countries Chapter 2 I A New Phase in the Story of Remittances Chapter 3 II Binational Impact of Latino Remittances Chapter 4 III Migrant Remittances to Latin America: Reviewing the Literature Part 5 II The Role of Hometown Associations Chapter 6 IV Latino Hometown Associations as Agents of Development Chapter 7 V Hometown Associations and Remittances in Mexico Chapter 8 VI Remittances and Markets Part 9 III The Economics of Sending Remittances Chapter 10 VII Sending Money Home...for Now Chapter 11 VIII Do Government Programs "Crowd In" Remittances? Part 12 IV Opportunities and Constraints on the Future of Remittance Flows Chapter 13 IX Conclusion