Summary of The Hidden Force in Global Economics

Sending Money Home

TED Conferences LLC, more...

Watch the video

The Hidden Force in Global Economics summary
Earned with sweat and sent with love, remittances improve the lives of the world’s neediest people.


9 Overall

9 Importance

9 Innovation

9 Style


“Dollars wrapped with care.” This is how developmental finance scholar Dilip Ratha refers to remittances – money that migrant workers send home. Such revenue provides support to those who need it most. getAbstract recommends Ratha’s eye-opening, heartfelt presentation, which shines a light on the economic and social power of remittances.

In this summary, you will learn

  • Why remittances are integral to developing nations’ economies,
  • What factors impede international money transfers and
  • How to reduce the costs of sending money home.


Some 232 million people worldwide have migrated to other nations in order to work and to earn enough to send money home. The international migrant community is larger than...
Get the key points from this video in less than 10 minutes. Learn more about our products or log in

About the Speaker

Economist Dilip Ratha is the manager of the migration and remittances team at the World Bank.

Comment on this summary

More on this topic

Customers who read this summary also read

More by category