Read "Immigrants Slow Rate Of Money Transfers: Remittances Crucial to Poor Nations" by Krissah Williams, The Washington Post, May 1, 2007.
According to the Inter-American Development Bank, migrant worker remittances to Latin America and the Caribbean were $62.3 billion in 2006.
What really interested me in the graph above was not remittances were so large, but that foreign aid was so small, and that foreign direct investment had taken such a nosedive, especially in the first George W Bush administration.
Tuesday, May 01, 2007
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