Sending money home: Worldwide remittance flows to developing countries

150 million migrants worldwide sent more than US$300 billion to their families in developing countries during 2006.
Remittances, the portion of migrant workers’ earnings sent home to their families, have been a critical means of financial support for generations. For the most part, these flows have historically been “hidden in plain view”, often uncounted and even ignored. All that is changing. As the scale of migration increases, the corresponding growth in remittances is gaining widespread attention. Read more...

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