ahr222 ahr222
  • 19-12-2020
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What drawbacks do remittances have according to some economists?

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nicolletatiana nicolletatiana
  • 19-12-2020

Answer: Remittances can increase the consumption of nontradable goods, raise their prices, appreciate the real exchange rate, and decreases exports, thus damaging the receiving country's competitiveness in world markets.

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