Effects of Remittances on Community Development: An Approach to the Case of Acul-Nebaj Guatemala
Lack of economic opportunity in the developing countries of the Global South has driven many people to emigrate to the richer developed countries of the Global North in search of more economic stability. Many from the Americas have chosen the United States, as a new settling ground--just as immigrants have since the founding of the nation. In modern times, migrants more easily harness the power of the international financial system to send funds back to their family members who remain in the home community. Remitted funds compete with donations and aid from the developed world in supporting the economic and social development of communities across the developing world; these remittances often come with fewer restrictions than traditional aid, leaving the recipients to spend how they see fit. This paper argues that the quality and power of such monies can be much higher than official international aid in terms of sustainability because of the inherent value placed on these investments, using the demonstrative case of Nebaj-Acul, Guatemala and Dover-New Philadelphia, Ohio, two communities intrinsically linked through immigration.
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