1、1 Statement by U.S. Treasury Secretary John Snow to the World Bank Development Committee,Dubai, UAE, September 22, 2003.Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS21910August 17, 2004International Remittances: A PrimerMartin
2、A. WeissAnalyst in International Trade and FinanceForeign Affairs, Defense, and TradeSummaryThe international market for remittances is between $70 billion and $80 billion peryear. Of all forms of international capital flows, remittances or monies sent home byforeign workers overseas is the most sta
3、ble, reacting least to international politics orevents. For many countries, remittances are a major, and sometimes the primary, sourceof income for consumption and investment. Moreover, the presence of remittances inthe international economy presents several policy concerns for the United States. Th
4、eserange from making remittance services as cheap, and yet as safe as possible to possibleimplications for U.S. immigration policy. This report will be updated.IntroductionIn a speech to the World Bank on September 22, 2003, Secretary of the TreasurySnow stated that “Remittances from the developed c
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