Refutation paragraph by Hande Ozer

Refutation

2025-06-25 06:45:46 UTC

Many economists thinks that remittances play a major role in the economies of many countries, saying that “Remittances are worth over 10% of GDP in 30 countries around the world” (Clemens, 2019, 4:51). While this shows their economic significance, others believe this financial situation is not enough to make up for the negative effects of migration. As Arnold (2012) notes, “Remittances, although important, do not compensate developing countries for the loss of skills” (p.5). From this perspective, remittances alone cannot solve the deeper issue of brain drain in developing countries.

2025-06-25 06:47:42 UTC

Some economists argue that “Remittances are worth over 10% of GDP in 30 countries around the world” (Clemens, 2019, 4:51). Even if, these statistics are true it does not cover the loss of skills. Arnold (2012) discusses remittances are important however developing countries lose their skilled workers which remittances cannot cover. This argument is likely to be true because many examples can be seen in nowadays countries such as Kenya, Nigeria etc.

defne, göktürk

2025-06-25 06:47:46 UTC

Many economists believe that remittances are an important source of income in developing countries around the world. It is in fact true because these remittances compensate nearly 10% of their GDP. However, even though they provide income, the loss of skills in the home countries often cannot be compensated. As Arnold claims “Remittances, although important, do not compensate developing countries for the loss of skills” (Arnold, 2012, p.5). To conclude, it can be said that although remittances contribute economically, they lack compensation in skill use.

2025-06-25 06:50:07 UTC

No doubt some would say that remittances provides irreplaceable contribution to economy those would citrate that "Remittances are worth over 10% of GDP in 30 countries around the world (Clements, 2019, 4:51) while their stance and quotation may be true to some degree their approach fails to see that even though remittances contribute a really big part for the economy that part is not enough to make up for the loss of skills caused at developing countries (Arnold, 2012, p.5)

Baybars and Özgür

2025-06-25 06:52:28 UTC

Many economists believe that remittances is highly important becuase it benefits the economic circulation that leads to development and growth. Clemens (2019) explains many countries have large portion of their GDP by remittances (4:51). This may seem like beneficial to the country but it may not be important as it looks. Of course remittances are important to some extend, high GDP does not always corresponds to a well being country. For instance Arnold (2012) argues that loss of talent that a country face overweigh monotary value gained by remittances (p.5). Thus remittances is important but its benefits to country is not enough compared to skill loss and other externalities country faces.

ilke öykü

2025-06-25 06:56:41 UTC

A lot of economists argue that remittances have huge importance for home country's economy. According to Clemens "Remittances are worth over 10% of GDP in 30 countries around the world"(2019,4:51). Although this data shows that remittances provide big portion of the GDP it "do not compensate developing countries for the loss of skills"(Arnold,2012,p.5). This is true because when high-skilled workers stay in their home country the country's economy can develop thanks to the human capital they provide. As a result even though remittances are important it might not be enough to provide the same level of economic development as the high -skilled workers.

emirhan emir

2025-06-25 06:58:31 UTC

In the field of economy many scholars argue that remittances are beneficial for source countries' economies as they are a significant part of their GDP's. However, that is not true since the negative effects of immigration such as brain drain and the loss of labour overweigh the advantages of remittance in the long term. Guy (2012) remarks, "Remittances, although important, do not compensate developing countries for the loss of skills.".