ASPECTO ECONÓMICOS DE EUROPA Y SU IMPACTO EN EL ENVÍO DE REMESAS AL ECUADOR A TRAVÉS DEL SISTEMA FINANCIERO DURANTE EL PERIODO 2009 - 2013

Abstract

This article makes an analysis about European countries, especially Spain and Italy, because most of Ecuadorians migrate there and they send remittances too. The article makes a study about the backgrounds of this social and economic phenomenon; we start with the dollarization cause it is important the remittances to sustain it. Later, we proceeded to define the importance of remittances and its impact on the balance of payments. Because of the analysis about the evolution of the orders, the amount of money received and the Ecuadorians destiny in Europe; we can notice that the crisis of Spain, Italy and Europe in general; had a low impact on Ecuador’s economy. We propose that the government should have an active role in this situation and go beyond the return of the migrant program; and make that once they return to the country they transmit the knowledge learned. The migration phenomenon has to be noticed from the social perspective too because these was the cause of several broken families and businesses so this also affects the economic environment of the country. Even though not every person that migrate to other country has success, it is still an option for those who want to improve their economic status.