Summary of The Hidden Force in Global Economics

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The Hidden Force in Global Economics summary

Rating

9 Overall

9 Importance

9 Innovation

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Recommendation

“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.
 

About the Speaker

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

 

Summary

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...

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