Summary of The Hidden Force in Global Economics
Sending Money Home
Earned with sweat and sent with love, remittances improve the lives of the world’s neediest people.
“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
- How to reduce the costs of sending money home
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