This article elaborates on the role of personal remittances and Foreign Direct Investment (FDI) as the forms of international private aid most compatible with sustainable economic growth and development. We argue that remittances and FDIs are not only the most prevalent forms of private aid, but...

This chapter discusses the role of personal remittances and Foreign Direct Investment (FDI) as forms of international private aid. We argue that remittances and FDIs are not only the most prevalent forms of private aid, but also the most effective forms at improving standards of living, market...