PIDE In Focus No. 4
The Economies should take serious action to enhance Remittances and innovations in their Financial sector that generate another room for Economic Growth
Publication Year : 2013

The innovations in financial markets, inflow of remittances and acceleration in growth have been important rudiments of emergent economies. The foremost source of income in most of the developing countries (DCs) is considered to be those resources that have become available as a result of immigration; labor and human capital movement over the time. In the mean while, development in financial market, easy access to loan and widening credit growth contribute positively in high growth as well as better income level of the inhabitants of home land. In addition to that, globalization among the nations develop strong integration between financial sectors and remittances flow that in combination lead to higher growth both for technology as well as production.

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