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MIGRANTS' REMITTANCES
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MIGRANTS' REMITTANCES
IMPACT IN ECUADOR
Benefits
THE BENEFITS
Migration also brought benefits to Ecuador.
The income of foreign currency through remittances has been an important contribution of the
Ecuadorians working abroad in the national economy.
FACTS
- Remittances were the second item in the balance of payments after oil,
representing 6% of GDP.
In 2006, 3 billion dollars in remittances were sent to the country.
$$$$$$$$
AMOUNT
The amount of foreign currency that was received by remittances was much greater than the social investment by the State :/
Furthermore, in this case, the middle and lower strata of the population directly benefited. This has been the most effective mechanism to combat poverty, since it not only improves the quality of life of migrant families, but also stimulates micro-businesses, commercial activities and services.
Two-thirds of Ecuadorian migrants are male.
DFI
Children
Most of migrants with children leave the care of them with grandparents or relatives.
NEGATIVE CONSEQUENCES
Grandparents
Relatives
OPINION
- In the country of origin, the social and political conflict could be reduced when a significant percentage of the productive population decides to emigrate.
- This would decrease the levels of unemployment and discontent
POSITIVE
CONSEQUENCES
Positive aspects
THE BEST
- The remaining labor force may have a greater chance of entering the labor market, because competition has decreased.
- The increase in consumption, the collection from the payment of taxes