Summary of The Hidden Force in Global Economics

Sending Money Home

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

Rating

9 Overall

9 Importance

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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
  • How to reduce the costs of sending money home
 

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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About the Speaker

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


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