Remittance

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High Quality Content by WIKIPEDIA articles! A remittance is a transfer of money by a foreign worker to his or her home country. Money sent home by migrants constitutes the second largest financial inflow to many developing countries, exceeding international aid. Estimates of remittances to developing countries vary from IFAD's US$301 billion (including informal flows) to the World Bank's US$250 billion for 2006 (excluding informal flows). Remittances contribute to economic growth and to the livelihoods of needy people worldwide. Moreover, remittance transfers can also promote access to financial services for the sender and recipient, thereby increasing financial and social inclusion. Remittances also foster, in the receiving countries, a further economic dependence on the global economy instead of building sustainable, local economies.

Weitere Informationen

  • Allgemeine Informationen
    • GTIN 09786130447021
    • Editor Lambert M. Surhone, Miriam T. Timpledon, Susan F. Marseken
    • EAN 9786130447021
    • Format Fachbuch
    • Titel Remittance
    • Herausgeber Betascript Publishing
    • Anzahl Seiten 100
    • Genre Wirtschaft

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