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Structural Change in MENA Remittance Flows
Naufal, George Genc, Ismail
Naufal, George
Genc, Ismail
Description
Abstract
After independence, the GCC countries relied heavily on foreign workers from fellow Arabs countries. Thus, remittances flowed from GCC to other countries in MENA. In the 1980s-1990s labor source switched to South Asia, which we econometrically verify. This deprived several MENA labor exporters of large sums of foreign exchange, adding significant economic, social and political hardships on non-GCC MENA countries.