The Global Remittance Economy
As borders tighten, the billions of dollars migrants send home are at risk — and so are the nations that rely on them.
The world’s remittance economy is now positively enormous. Valued at around $740 billion, for low- and middle-income countries the inflow of remittances is currently nearly triple that of global development aid and nearly double that of foreign direct investment. However, while remittances have increased steadily since at least the 1990s, they may now stagnate in […]
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