The Conversation

Remittances support families' basic needs but don't expect them to drive economic growth

09-02-2015 Author: The Conversation USA

The old-fashioned way to send money home. Shutterstock

The World Bank recently forecast that remittances to developing countries will total more than US$450 billion this year, a bit bigger than Venezuela’s economy and more than double a decade a go. Given the sheer size of these money transfers, we should expect them to have significant...

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