Global remittance flows have increased rapidly in recent years and are considered by many governments as being of high policy interest particularly in analysing their impact on economic development and security. Remittances are defined as representing household income from foreign economies...

This paper aims to indicate that an economic recovery of the European economy can be pulled by an increase of the aggregate demand and by the adoption of a new industrial policy having a territorial dimension. While the Domar's and Thirlwall's model indicates that growth is determined by the...