Scholarly record
REMITTANCES FROM EMIGRANTS IN THE CONTEXT OF YOUTH ASPIRATIONS IN THE DOMINICAN REPUBLIC.
Abstract
Diasporas nowadays consists of economic migrants who are belive to have the potential for chanelling financial and social transfers as well as technology and qualifications. Remittances sent by migrants make the main source of external income, not only often bigger than the foreign help but also direct foreign investment. Money transfers make the stable source of funds reaching directly families and make the poverty smaller. Dominican Republic is constantly percieived as a country of a mass emigration to United States. It belongs to less developed countries, depending from global economy. The external focus of the countryВ’s economy is caused by mass, economic emigration to United States and the development of foreign tourism sector. The problem of the scale of the emigration and the amount of remitttances for families on the island is well described in the literature of the subcject. This sort of dependance from money transfers have been for many years the important barrier for shaping entrepreneurship among local population, what was a demoralizing factor for young Dominicans who believe to success in life thanks to emigrations (to United States) or thanks to money transfers from their families. The main aim of authors of the paper is to analyze the role of the remittances both for the country and houshold economies. The main research question is to find the answer if the money transfers remain the driving force for the country economy or the remittances will be used by the emigrants families for current consumtion.
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