Developing countries are heavily influenced by international financial flows: remittances, foreign direct investment (FDI), and official foreign aid (ODA). According to the World Bank (2016), in developing countries, remittances are becoming an important source of external funding, surpassing that of official development assistance (ODA).Thus, the article addresses the impact of remittances on a number of Southeast Asian countries with high remittances (Philippines, Vietnam, Thailand and Indonesia) on both positive and negative aspects. Thereby, suggest some ideas to increase the efficiency of using remittances in the development of social life in general as well as in economic development in particular
Author Biography
Lê Thị Thoa, Faculty of Economics and Business, Administration West University of Timisoara
