“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.