stability of the macroeconomics; strengthen institution framework for fiscal management; providing subsidy in the energy sector; and reinforcing public finance by enhancing stability of the fiscal deficit. The paper has effectively analyzed the Dominican Rep for a period of six years beginning 2004, significantly outlining key areas of economic performance including the fiscal trends, sources of finance, GDP trend, and the social funding by the government.
This publication is a six-study project revolving around decentralization in the Americas. As the governments continued to grow larger in the Americas and so was the need to decentralize the central government by delegating a number of the responsibilities to the local government. The researchers have covered a wide area of local government governance with respect to socioeconomic development. The study areas covered by the researchers include. generation of local income and competitiveness of the local governments in the Latin America and Caribbean; natural resource and environment management; level of immigrants’ remittance and its impact on local development; public security; the policies on social development and accessibility to key social programs such as education, healthcare, and poverty alleviation programs and finally accountability.
The researchers in this publication analyzed the macroeconomic determinants of the US immigrants’ remittance in the Latin America and the Caribbean. The specific countries covered in this work include Dominican Republic, El Salvador, Mexico, and Guatemala. As per the researchers, these countries are the highest beneficiary of the immigrant workers remittance and most importantly, a lot of information is available relating to remittance by the same countries. The researchers were interested in assessing the two contrary claims regarding remittance as one party feels that remittance is highly significant for the growth of the economy of the recipient countries while