What drawbacks do remittances have according to some economists?

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asked Dec 8, 2021 192k views

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Bernard Polman · Answer 1 · 2021-12-13T20:24:37+0000

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.

What drawbacks do remittances have according to some economists?

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