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    The Hidden Force in Global Economics: Sending Money Home

    The Hidden Force in Global Economics: Sending Money Home

    In 2013, international migrants sent $413 billion home to families and friends — three times more than the total of global foreign aid (about $135 billion). This money, known as remittances, makes a significant difference in the lives of those receiving it and plays a major role in the economies of many countries. Economist Dilip Ratha describes the promise of these “dollars wrapped with love” and analyzes how they are stifled by practical and regulatory obstacles.

    Subjects:
    Economics
    Keywords:
    Emigrant remittances
    Resource Type:
    Video