Pardee-CFLP-Remittances-TF-Report

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Pardee Center Task Force Report / October 2013Remittance Flows to Post-Conflict States:Perspectives on Human Securityand DevelopmentCo-ConvenersJohn R. HarrisDonald F. TerryLead Researcher and EditorDaivi Rodima-TaylorTask Force MembersFrank FeeleySusan FosterKara GalerGiovanna GioliJohn R. HarrisRaúl Hinojosa-OjedaTalimand KhanMartin McKeeSuranjana Nabar-BhaduriRaymond NatterChantel F. PheifferDaivi Rodima-TaylorJürgen ScheffranDonald F. TerryThe Task Force on Remittance Flows to Post-Conflict States was convenedand sponsored by the Boston University’s Center for Finance, Law & Policyin collaboration with The Frederick S. Pardee Center for the Study of theLonger-Range Future.
This series of papers, Pardee Center Task Force Reports, presents findings of experts’deliberations as a contribution of knowledge to discussion about important issues forwhich decisions made today will influence longer-range human development. TheTask Force on Remittance Flows to Post-Conflict States was convened by Prof. John R.Harris and Donald F. Terry on behalf of Boston University’s Center for Finance, Law& Policy in collaboration with The Frederick S. Pardee Center for the Study of theLonger-Range Future.Report Editors: Daivi Rodima-Taylor and Neal EsteyAssociate Editor: Cynthia BarakattThe Frederick S. Pardee Center for the Study of the Longer-Range Future at BostonUniversity serves as an interdisciplinary catalyst for studying improvement of thehuman condition through an increased understanding of complex trends in globalinteractions of politics, economics, technological innovation, and human ecology. TheCenter’s work seeks to identify, anticipate, and enhance the long-term potential forhuman progress—with recognition of its complexity and uncertainties. The BostonUniversity Center for Finance, Law & Policy practices an interdisciplinary and collaborativemission and methodology to educate, analyze, discuss, recommend solutions,and otherwise address the critical financial, regulatory, and policy challenges of theday as those challenges impact the national and global financial system, the largereconomy, and society at large.The Frederick S. Pardee Center for the Study of the Longer-Range FutureBoston UniversityPardee House67 Bay State RoadBoston, Massachusetts 02215Tel: +1 617-358-4000 Fax: +1 617-358-4001www.bu.edu/pardeeEmail: pardee@bu.eduCover photograph via iStock.com.The views expressed in this Report represent those of the individual authors and donot necessarily represent the views of their home institutions, the Pardee Center, theCenter for Finance, Law & Policy, or the Trustees of Boston University. The publicationsproduced by the Pardee Center present a wide range of perspectives with the intent offostering well-informed dialogue on policies and issues critical to human developmentand the longer-range future.Produced by Boston University Creative Services© 2013 Trustees of Boston UniversityISBN 978-1-936727-10-0E Printed on recycled paper0913 9040043325ii
Page 1: Pardee Center TASK FORCE Report oct
Page 5 and 6: AcknowledgementsThis Task Force on
Page 7 and 8: ITU International Telecommunication
Page 9 and 10: networks and migrant associations i
Page 11 and 12: to developing countries than other
Page 13 and 14: But most importantly, remittances a
Page 15 and 16: often mix in the countries of desti
Page 17 and 18: According to the World Bank estimat
Page 19 and 20: Because of its focus on the multidi
Page 21 and 22: eceiving remittances provides an en
Page 23 and 24: associations for post-conflict inst
Page 25 and 26: are proposed to avoid the associate
Page 27 and 28: Terry, D. 2005. Remittances as a De
Page 29 and 30: oader approach to post-conflict rem
Page 31 and 32: networks can be seen as “homogeno
Page 33 and 34: That personalized nature of hawala
Page 35 and 36: Customary law (xeer) and other trad
Page 37 and 38: the world (Lindley 2009, 531). Much
Page 40 and 41: ize the informal equal efforts to a
Page 42 and 43: struction and development. Means sh
Page 44 and 45: opportunities should focus on exist
Page 46 and 47: 2. Dodd-Frank Act and Remittances t
Page 48 and 49: leadership. Formal payments systems
Page 50 and 51: and financial institutions. 26 Reso
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closures should be both in English
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issued a new proposed regulation De
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“closed network,” in which all
Page 58 and 59:
Some guidance may be found in the p
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the use of mobile devices for money
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Foreign TaxesUnder the 2012 regulat
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will be available in all cases. CFP
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Section II: Remittances in Post-Con
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Sri Lanka. The conflict also result
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Figure 2: Current Account, Trade Ba
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flows came from migrant workers in
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Informal Remittance Channels in Sri
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tory authorities, with some calls f
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4. The Role of Remittances in Post-
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Figure 1: Liberia Per Capita Income
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associations, women’s groups, alu
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Remittances to LiberiaValue of Remi
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credit because of the need to be li
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Remittance Transfers in Sierra Leon
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Knowledge RemittanceThe Liberian di
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process furthermore was a pioneerin
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Levitt, Peggy and Deepak Lamba-Niev
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Section III: Diaspora Networks andC
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Post-Conflict Development,” this
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One of the main challenges for mobi
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6. Transnational Remittances and De
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The Salvadoran Diaspora is very sig
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annually during the 1990s to less t
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Figure 2: Transnational Vicious Cyc
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The transnational vicious cycle not
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emittance flows is mixed, as initia
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individuals, communities, and famil
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areas. This issue can potentially b
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This is a breakthrough moment: afte
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Edwards, Sebastian and I. Igal Mage
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y La Distribucion Del Ingreso, 1st
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7. Remittances and Community Resili
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For quantitative data collection, a
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Remittances are perceived as playin
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the affected population. Internatio
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ReferencesAddleton, J. 1984. The im
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8. Filling the Gap in Health Staffi
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The alternative is for donors to se
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cians in the U.S. in 2000 (Clemens
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1. Remittances, Financial Inclusion
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networks, and communities. The role
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• In the present era of heightene
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the island of Kosrae, in the Federa
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and Sweden and has held visiting pr
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he organized a number of workshops
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Pardee Center Conference ReportsDev
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