Remittance incomes and economic development in Kosovo

Abstract

In globalism period, when the migration of the population is informal, migration and remittances have played an extraordinary important role on the socio-economy development of the country. As in many places that are in transition phase and in Kosovo remittance have played a positive role on the development of the country, considering the great number of the diaspora living in foreign countries. Even in the world’s greatest crises, remittance has been the main pillar of a country, mainly for those countries under development. They are considered as primary incomes for many families of the countries under development and those in transitions, too. According to the researches performed during last years, it is argued that the remittance increase effect on the economic development of the country. During this paperwork will be explained the theory and practice aspects on the role of remittances on the development of such countries that receive.

Keywords

• Remittance
• Migration
• Economic Development