1. Global Migrant Remittances – A New Development Finance Paradigm?
- Author:
- Eric V. Guichard
- Publication Date:
- 11-2018
- Content Type:
- Journal Article
- Journal:
- American Diplomacy
- Institution:
- American Diplomacy
- Abstract:
- For several decades now, global remittances – money that immigrants and citizens send to their families in countries from where they originate – have steadily grown in significance. The World Bank’s Migration and Remittances Unit recently pegged these global flows at $350 billion per year. Some estimates peg them as high as $500 billion annually – particularly when you include unofficial flow estimates and intra-continental transfers.
- Topic:
- Development, Diplomacy, Migration, Foreign Aid, GDP, and Economy
- Political Geography:
- India, Philippines, North America, Mexico, United States of America, and European Union