Hi, need to submit a 500 words paper on the topic Remissions and Economic Development.

Hi, need to submit a 500 words paper on the topic Remissions and Economic Development. Remissions and Economic Development: Annotated Bibliography Barreix, Alberto, et-al. Dominican Republic Fiscal Strengthening Program (Dr-L1043) Loan Proposal. Inter-American Development Bank, 2010. Web. September 12, 2011.

This research work revolved around the influence of Emergency Lending Facility as a substitute resource to the Dominican Republic government aimed at strengthening the public finances in addition to cushioning low-income groups from the adverse effects of poor economy by funding social programs. The Researchers have gone ahead to highlight the components of the Dominican Rep Emergency Lending Facility. These include. protecting investment into the social programs by increasing funding for education, healthcare, and the Solidarity Program. maintaining the stability of the macroeconomics. strengthen institution framework for fiscal management. providing subsidy in the energy sector. and reinforcing public finance by enhancing stability of the fiscal deficit. The paper has effectively analyzed the Dominican Rep for a period of six years beginning 2004, significantly outlining key areas of economic performance including the fiscal trends, sources of finance, GDP trend, and the social funding by the government.

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Insulza, Jose & Zúñiga, Pablo. Decentralization and the Challenges to Democratic Governance. General Secretariat, Organization of American States, 2008. Web. September 12, 2011.

This publication is a six-study project revolving around decentralization in the Americas. As the governments continued to grow larger in the Americas and so was the need to decentralize the central government by delegating a number of the responsibilities to the local government. The researchers have covered a wide area of local government governance with respect to socioeconomic development. The study areas covered by the researchers include. generation of local income and competitiveness of the local governments in the Latin America and Caribbean. natural resource and environment management. level of immigrants’ remittance and its impact on local development. public security. the policies on social development and accessibility to key social programs such as education, healthcare, and poverty alleviation programs and finally accountability.

McGowan, Richard & Mahon, John. The Determinants of Remittances in Latin America and the Caribbean. abdjournal.org, 2007. Web. September 12, 2011.

The researchers in this publication analyzed the macroeconomic determinants of the US immigrants’ remittance in the Latin America and the Caribbean. The specific countries covered in this work include Dominican Republic, El Salvador, Mexico, and Guatemala. As per the researchers, these countries are the highest beneficiary of the immigrant workers remittance and most importantly, a lot of information is available relating to remittance by the same countries. The researchers were interested in assessing the two contrary claims regarding remittance as one party feels that remittance is highly significant for the growth of the economy of the recipient countries while another group believes that remittance is major contributor to dependency by the recipients which harms the economy in the long run. The researchers highlight how remittances are utilized in the recipient nations and households with considerable benefits exhibited in poverty alleviation and manage economic volatility.

Ratha, Dilip., Mohapatra, Sanket & Silwal, Ani. Outlook for Remittance Flows 2009-2011: Remittances expected to fall by 7-10 percent in 2009. worldbank.org, 2009. Web. September 12, 2011.

This research work covers trends in the flow of remittance especially from the unite4d states to various regions ranging from East Asia and Pacific, Latin, and American as well as North Africa most of which are developing countries. According to the researches the trends in the flow of remittance has significantly changed over a number of years since begin of the recession. Various households in different developing countries who significantly relied on the remittance suffered severely by the economic meltdown in the United States and the trend is yet to show positive signs. Countries such as Mexico, Honduras, El Salvador, and the Dominican Republic suffered to greater extent by the recession in the US. However, the researchers discovered that the positive trend in the United States construction industry might spark recovery from the economic hardship and thus increase in remittance.

Seelke, Clare. Dominican Republic: Background and U.S. Relations. Congressional Research Service, 2011. Web. September 12, 2011.

This publication has significantly assessed the Dominican Rep situation in a period of one decade with respect to its political, economic, and social landscape. The researcher has portrayed Dominican Republic as one of the significant ally in the Caribbean. Presently Dominican Republic stands as the largest importer of US goods creating a significant export market to the US goods in the Caribbean. The publication also touched on the special relationship between the Dominican Republic and the United States highlighting areas of special interest that include trade, human rights, governance, and drug trafficking. America is still the highest provider of foreign aid to the Dominican Republic and notwithstanding that. it plays a host to a large population of immigrant workers of Dominican Rep origin. The immigrant workers contribute significantly to the GDP of the Dominican Rep through remittance back home.

Works cited

Barreix, Alberto et-al. Dominican Republic Fiscal Strengthening Program (Dr-L1043) Loan Proposal. Inter-American Development Bank, 2010. Web. September 12, 2011.

Insulza, Jose & Zúñiga, Pablo. Decentralization and the Challenges to Democratic Governance. General Secretariat, Organization of American States, 2008. Web. September 12, 2011.

McGowan, Richard & Mahon, John. The Determinants of Remittances in Latin America and the Caribbean. abdjournal.org, 2007. Web. September 12, 2011.

Ratha, Dilip., Mohapatra, Sanket & Silwal, Ani. Outlook for Remittance Flows 2009-2011: Remittances expected to fall by 7-10 percent in 2009. worldbank.org, 2009. Web. September 12, 2011.

Seelke, Clare. Dominican Republic: Background and U.S. Relations. Congressional Research Service, 2011. Web. September 12, 2011.

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