Ang, Alvin P.; Sugiyarto, Guntur; Jha, Shikha - 2010
As one of the world's largest recipients of remittances, the Philippines received remittances roughly 12% of its gross … domestic product in 2008. Remittances have become the single most important source of foreign exchange to the economy and a … role of remittances in increasing household consumption and investment and thereby their potential for rebalancing economic …
