"THE IMPACT OF THE 2002 ECONOMIC CRISIS ON REMITTANCES & EMIGRATION IN " by Abigail Robeson
 

Honors Theses

Date of Award

Spring 5-2024

Document Type

Undergraduate Thesis

Department

Croft Institute for International Studies

First Advisor

Julio Acuña

Second Advisor

Douglas Sullivan-González

Third Advisor

Ian Gowan

Relational Format

Dissertation/Thesis

Abstract

Throughout 2002, the Uruguayan peso depreciated by 85 percent, causing an economic crisis and a rise in people searching outward for employment. This increased both the number of remittances received and emigration in an unprecedented way within Uruguay. Reports of remittances, and migration patterns of Uruguayans before 2002 are vastly different from those of the years following. Using quantitative analysis and a variety of data sources, this paper finds that the Uruguayan economic crisis undoubtedly spurred both remittance relevance and emigration in Uruguay. Emigration and remittances concerning Uruguay are seen to be permanently impacted by the crisis – though to a lesser extent than immediately following the event.

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