Confronting the dominant discourse: remittances in the light of the Mexican experience

Abstract

The dominant discourse on remittances as a lever of development for migrant’s countries of origin has arisen with renewed impetus in the international agenda, particularly within the framework of the Global Compact for Safe, Orderly and Regular Migration propelled by the UN. Based on hard data from the Mexican experience, our propose is to contribute to a necessary demystification of the phenomenon, highlighting that, in addition to its contributions to the country's macroeconomic and social stability, remittances are part of a complex dynamic of unequal exchange which essentially operates in favor of the recipient country.

Keywords
remittances; macroeconomic; development; México; international