Dimensions of the impact of labor migration from remittance perspective in Siret-Prut-Nistru Euroregion [Articol]

Abstract

The economic dimension of labor migration is represented by financial flows from migrant labor, oriented on family from origin country, and are called remittances. According to International Labour Organization, remittances are presented by cash transfers made by migrants to their origin country. The role of remittances in economic development determines a growing interest in the last time, because remittances are an important financial flow for developing countries, becoming vital elements for existence. Also, remittances substitute successfully and even surpass international aid, reaching the required target. Of course, main function of remittances is to ensure minimum conditions of existence of the households, that generate real living conditions of the migrant family.