{"product_id":"impact-and-implications-of-remittances-von-crispen-mawadza","title":"Impact and implications of remittances","description":"\u003cp\u003eRemittances, the transfer of money by immigrants to  their countries of origin, haves eclipsed Official  Development Assistance (ODA) and are fast rivaling  Foreign Direct Investment (FDI) as major sources of  funds for developing countries. The global diaspora  population has grown rapidly and remits regularly to  countries of origin. The USA and Saudi Arabia  are  the major sources of remittances whereas India and  Mexico, are top receivers.  Zimbabwe, a country that witnessed economic decline  from the year 2000 saw a surge in its citizens  leaving the country to settle abroad. These  immigrants used their new found wealth in their new  found host countries to cushion families back home  from the vagaries of economic recession. The money  they remitted helped in importing food and other  welfare uses like health and education. Most  importantly the remittances boosted the foreign  currency coffers of the country thus giving it much  reprieve from the sanction ridden pariah status it  got itself into. Other small countries, like  Swaziland and Lesotho, depend primarily on  remittances (primarily form South Africa) to sustain  their domestic economies.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838388267\"\u003e\u003ch3\u003eThe case of Zimbabwe from 2000-2006\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783838388267","offer_id":39469279608925,"sku":"9783838388267","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/46f7dbea-4863-48e0-8bea-3443185a4a69.jpg?v=1759121846","url":"https:\/\/shop.autorenwelt.de\/products\/impact-and-implications-of-remittances-von-crispen-mawadza","provider":"Autorenwelt Shop","version":"1.0","type":"link"}