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For Professional Clients and, in Switzerland, for Qualified Investors only. In Israel for Sophisticated Investors only.
English
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© 2019. BNY Mellon Investment Management International Limited. All rights reserved.
IDEAS AND KNOWLEDGE TO INSPIRE YOUR INVESTMENTS THINKING
2 November 2017

The remittances spike and its impact on global capital

Remittance flows have become an increasingly important element of global capital flows. As labour markets have become more globalised, workers move from developing countries in order to obtain higher salaries in the developed world. Often these workers continue to support family members in their country of origin and regularly send a portion of their salary to them. In countries such as Mexico and India, governments have worked with the banking industry to lower transaction costs and make the process more efficient. As labour markets in developed countries tighten, so the upward trend should resume. One danger is that the size of these flows is now drawing political attention in some developed countries and could become a discussion target for trade negotiations if imbalances become too high. That said, we don’t believe we are quite at that stage yet.

 

Colm McDonagh – Insight, a BNY Mellon company

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Investment Managers are appointed by BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA) or affiliated fund operating companies to undertake portfolio management activities in relation to contracts for products and services entered into by clients with BNYMIM EMEA or the BNY Mellon funds.

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