Caucasus Research Resource Center (CRRC)-Armenia invites you to a presentation on
“The economic impact of remittances on the migration process in Armenia”
to be delivered by Esther Bartl (CRRC-Armenia International Fellow)
Nowadays the number of Armenians living abroad is about three times higher than those living in the homeland due to historical events such as the Armenian Genocide in 1915 and the breakup of the Soviet Union. Remittances, which Armenians receive from family members and friends from abroad, account with about 20 percent for the biggest share of the country’s GDP. These external funds are expected to improve the living standard of the respective households in the country.
The research analyses of the impact of remittances on Armenia’s economic development on the micro- and macroeconomic level and claims that these external funds are not able to positively influence the country’s economic development. On the individual level, remittances help Armenian households to improve their standard of living in the short run. In the long run, however, these external funds increase the economic pressure for Armenians to migrate due to factors such as the dependency syndrome, the lack of sustainability of remittances and their sole use for consumption rather than investment. The qualitative research is based on expert interviews, reports, academic and non-academic literature. Only local experts combine personal experience on migration with expertise on the whole migration process as well as on the impact of remittances on single households and Armenia’s economy as a whole.
If interested, please, confirm your attendance via email@example.com or call (010) 574898, 574868 before August 05, 2015 at 12:00, mentioning your name and organizational affiliation.
Location: CRRC-Armenia, 1 Alex Manoogian Str, Library bld., 6th Floor, Room 602