Talk:Remittance

Merge proposal
I put up a proposal to merge this page with Remittances from overseas. These articles cover the same topic. The question is which title to use. I think "remittances" works the best.--Bkwillwm 02:24, 20 March 2006 (UTC)

Agreed! - tk, 0643(GMT), 2006-03-30

Seeing as how the merge/redirect seems to have been completed, I'm going to remove the tag. --Betterliving 18:10, 15 June 2006 (UTC)

Other meaning
There is another meaning of Remittances Discussed here : "Remittance also refers to the accounting concept of a monetary payment transferred by a customer to a business" I think more light should be thrown on this topic alongwith the discussed concept of money transfer from forigners.

Which countries benefit
This article should be expanded to include just how much each of the countries in the mentioned regions benefit from remmitances.

what about africans?!! --Nonchablunt 20:53, 25 January 2007 (UTC)

Need to add research institutes and links to work
I added some external links to work on emergencies (of which I'm a part). I'll look to add links to the leading development and finance institutes working on remittances next (unless someone else does it first).

eg world bank remittances research asian development bank inter-american development bank 62.173.69.98 14:59, 10 September 2007 (UTC)K Savage, ODI

Top ten remittance recipient countries
It would be better if the table of "Top ten remittance recipient countries" instead listed the countries whose share of remittance in GDP is the highest, not absolute value. France might get 12 billion in remittances, but that's peanuts compared to its overall GDP as opposed to say, Haiti, which probably gets much less in absolute value but where the remittances are much larger relative to the overall size of the economy.radek (talk) 00:48, 22 December 2007 (UTC)

Israel is obviously by mistake on the list. If at all, it is a big importer of foreign labor, mainly from the Philippines, Nepal and India. — Preceding unsigned comment added by 67.244.22.182 (talk) 05:40, 13 June 2013 (UTC)

Useless disambiguation notice
The disambiguation notice at the top of the page is fairly useless; the article it links to does not mention remittance at all, indicating a need for it to be covered in the accounting sense on this article. Is there any reason why that meaning is not covered here? If not, is it worth tagging this article for the attention of someone who can explain the concept? me_and (talk) 13:35, 21 May 2008 (UTC)

Please do not plagarize
I just reverted two large additions that were put in by Pdevasconcelos. The text had no citations, but when I entered a chunk of the text into Google, it appeared to have been taken wholesale from other sources.Notmyrealname (talk) 21:53, 18 December 2008 (UTC)

Requested move
Move Parsecboy (talk) 15:03, 21 February 2009 (UTC)

Remittances → remittance — Page title should be in the singular remittance rather than the plural, remittance. — •••Life of Riley (T–C) 20:23, 15 February 2009 (UTC)

Survey

 * Feel free to state your position on the renaming proposal by beginning a new line in this section with  or  , then sign your comment with  . Since polling is not a substitute for discussion, please explain your reasons, taking into account Wikipedia's naming conventions.

Discussion

 * Any additional comments:

Social Remittances
The UN Human Development Report for 2009 on migration includes references to a concept known as "social remittances," which is an explanation of the finding that origin communities of migrants tend to experience upticks in demographic measures such as female literacy and other social rather than purely economic factors. If there are more sources for this term, it might warrant inclusion in this article in a short subsection. --Thomas B&#9816; talk 04:14, 2 November 2009 (UTC)

Major Changes and Expansions
A colleague and I would like to provide updated 2010 statistics from the World Bank on the section titled "Top recipient countries." We also would like a broad description of the economic benefits remittances provide for top recipient countries. For the subsection titled "Asia," we would like to add a more nuanced description of the Philippines and Latin America. Lastly, for the section titled "Potential security concerns," we are proposing to insert a link connecting it to the page Migrant worker. Any feedback is greatly appreciated. DArquero (talk) 02:15, 1 April 2011 (UTC) FaithSara (talk) 02:22, 1 April 2011 (UTC)

Data World Migration Report (IOM)
The International Office for Migration (IOM) publishes the World Migration Report every year with interesting updated data on remittances. —Preceding unsigned comment added by 41.214.46.159 (talk) 08:13, 23 May 2011 (UTC)

Removed references
the following block of "references" was not used in ref-tags in the article and thus are hard to calssify. Additionally the first in the list is a dead link and most are poorly documenting of what they actually reference: --Giszmo (talk) 20:52, 19 November 2012 (UTC)
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 * Ezra Rosser, Immigrant Remittances, 41 Conn. L. Rev. 1 (2008)

Copyright problem removed
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The kind of remittance discussed here is a specialized form, not the most common kind
In normal usage, a remittance is a sum of money that is sent as a payment. The kind of remittances discussed in this article are an important phenomenon but I think it would be better to make it clear in the article title that its subject is not remittances in general but the specific kind discussed here. This is important because other articles (Balance (accounting), for example) that use remittance in its broader, more general sense, link to this article.

Related to this problem, the disambiguation is ineffective and misleading. D.Holt (talk) 21:28, 12 May 2014 (UTC)

Incorrect data for Timor-Leste?
The text states that Timor-Leste has remittances above 200% of GDP. On one hand, I don't know how this is possible. On the other hand, this piece of data seems to suggest a number of 10-15%, which seems far more reasonable.

http://www.indexmundi.com/facts/timor-leste/workers%27-remittances-and-compensation-of-employees — Preceding unsigned comment added by Ambrosia0 (talk • contribs) 21:53, 2 May 2015 (UTC)

Dr. Bertoli's comment on this article
Dr. Bertoli has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:

"It would be good to mention that remittances figures come from Balance of Payments, and add the definition upon which these numbers are based (which do not only include money transferred by migrant workers; see compensation of employees, https://datahelpdesk.worldbank.org/knowledgebase/articles/114950-how-do-you-define-remittances).

"A remittance is a transfer of money by a foreign worker to an individual in his or her home country. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries. Workers' remittances are a significant part of international capital flows, especially with regard to labour-exporting countries.[1] In 2014, $436 billion went to developing countries, setting a new record."

I think that it would be important to add a word of caution here. A substantial share of remittances goes through informal channels, and it is likely to remain unrecorded. The sharp increase in remittances over the past few decades might in part reflect an improvement in our ability to measure remittances (see Clemens, M. A., & McKenzie, D. J. (2014). Why don't remittances appear to affect growth?. World Bank Policy Research Working Paper, (6856).)

The paragraphs on the different countries or macro-regions of the world focus on them as recipient countries; the United States are analyzed as a remittance-sending countries, with a disproportionate space allocated to it.

"From a macroeconomic perspective, there is no conclusive relationship between remittances and GDP growth." Clemens and McKenzie (2014) could also be cited here.

The paragraph "Economic benefits for developing countries" should (possibly with a more general title) provide a more nuanced view of the effects of remittances. For instance, remittances can produce a real exchange appreciation (see Amuedo-Dorantes, C., & Pozo, S. (2004). Workers' remittances and the real exchange rate: a paradox of gifts. World Development, 32(8), 1407-1417.).

"The World Bank and the Bank for International Settlements have developed international standards for remittance services.[39]" This sentence is out of the scope of the paragraph."

We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.

We believe Dr. Bertoli has expertise on the topic of this article, since he has published relevant scholarly research:


 * Reference : Francesca MARCHETTA & Simone BERTOLI, 2014. "Migration, remittances and poverty in Ecuador," Working Papers 201407, CERDI.

ExpertIdeasBot (talk) 16:00, 24 August 2016 (UTC)

This is not the dictionary definition of the word
The word remittance is not solely referring to foreigners sending money. To present it so reeks of racial bias. Please consider modifying the topic to 'Foreign Remittance' or some other such identifiable word to identify the 'SubTopic' — Preceding unsigned comment added by 2001:4898:80E8:4:0:0:0:79C (talk) 17:52, 9 November 2016 (UTC)

I was also surprised by this article as a whole as I thought the word remittance was a synonym for money transfer in general. But I am not a native speaker of English.--Hhgygy (talk) 09:11, 17 August 2017 (UTC)

External links modified
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Remittance providers (MTOs)
Wikipedia has a dearth of useful comparative information about notable fintech startups that have been shaking up the remittance industry. I was dismayed to find that most information about these companies made its way onto Wikipedia in the form of messy corporate PR attempts. People like me who are genuinely interested in how remittances affect the developing world do not want to scroll through bulky paragraphs about CEOs, funding rounds, advertising language, and awards. We want the articles to read more like UN and think tank reports. People looking around for remittance providers also just need to know the simple facts about the basic services offered, like which countries are available. As a result, I have been revamping these articles and adding categories to improve our knowledge of what the remittance market is actually like, while cleaning up corporate PR bias where it exists.

We can use articles like this to get started:



MSteinburg (talk) 04:33, 10 October 2019 (UTC)

SUGGESTED NEW TABLE
Howard from NYC (talk) 00:54, 30 January 2023 (UTC)

Q: does it make sense to insert a table with columns "Year", "Total World Wide Remittances", "World GDP", "% of World GDP", et al, to allow for readers to have a pithy overview of just how significant remittances have gotten as a percentage of World GDP since 1945?