The spanish crisis, affectation of the remittances in the province of Santa Elena, 2010-2013.

Abstract

Migration has been one of the most pressing issues of world problems, that far from being discussed in governmental agendas, it has not been given its due importance. Thus the phenomenon of migration causes a number of effects that lead countries into a destabilization in their public policies, since, among otherthingsthere is significant outflow of capital. In this context, we develop one of the most recent events, as is the economic crisis in Spain, which affected not only European countries but also Latin American countries, including Ecuador. At the beginning of the 21stcentury, Ecuador entered into an economic, political and social crisis, which caused over 3million Ecuadorians to migrate to different countries, including Spain. In the Santa Elena province, it is estimated that more than 3 thousand individuals migrated, causing a family dependence associated with the remittances from these countries. In this research, one of the most significant findingsis that the areas of increased remittances to the province not only from the population that resides abroad, but also as a product of the immigrant residents, including the incoming retirees, which provide a boost to the local economy.