Wednesday, October 25, 2006

[IWS] Second EU SURVEY on WORKERS' REMITTANCES to Third Countries [24 October 2006]

IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations
-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor
---------------------- Stuart Basefsky
New York, NY 10016
-------------------------------Director, IWS News Bureau
________________________________________________________________________

EUROPA > European Commission > Economic and Financial Affairs > Publications > International economic issues


Survey on workers’ remittances from the EU to third countries
http://ec.europa.eu/economy_finance/publications/internationaleconomicissues/workers_remittance_en.htm


Second EU survey on workers’ remittances from the EU to third countries [24 October 2006]
http://ec.europa.eu/economy_finance/publications/internationaleconomicissues/survey2006_en.pdf
[full-text, 31 pages]

[excerpt]
The second report summarises Member States' replies to a questionnaire on workers’ remittances from the EU to third countries sent in May 2005. Compared to the first survey, the second one extended the scope by requesting a geographical breakdown of flows channelled to Eastern Europe, the Mediterranean, Latin America and the Caribbean.

It shows that remittances from the EU to third countries increased from €6.2 billion in 2000 to almost €9 billion in 2004. This was mainly driven by flows to developing countries which increased from €4.3 billion in 2000 to €6.6 billion in 2004. A few major corridors were identified, notably from Germany and France to the Mediterranean region, from Spain to Latin America and from Germany to Eastern Europe. However, these results might not entirely reflect actual remittance flows due to problems of under-reporting and mis-reporting.

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****************************************
Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
                                   
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
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