Copyright © 2007 International Development Options
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Volume Four Winter 2006-Spring 2007 Numbers 3-4.
Theme: Global Labor Migration and Emerging Trends in Development Finance: An Assessment of the
Economic and Social Impact of Migrant (Worker) Remittances in Central America and the Caribbean
REMITTANCES AND THE ECONOMIC DEVELOPMENT PROCESS IN TRINIDAD AND TOBAGO ECONOMY
Roger Hosein and Martin Franklin1
Department of Economics
University of the West Indies
St. Augustine, Trinidad
Published Online: February 10, 2017
This article examines the impact of remittances on the economic development of the Trinidad and Tobago economy. The article starts by providing an extensive review of the theoretical and empirical literature regarding the various contributions of remittances to economic growth and the wider economic development process. The article then provides some preliminary survey results regarding the use of remittances in Trinidad and Tobago.