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  • Author: Eric V. Guichard
  • Publication Date: 11-2018
  • Content Type: Journal Article
  • Journal: American Diplomacy
  • Institution: American Diplomacy
  • Abstract: For several decades now, global remittances – money that immigrants and citizens send to their families in countries from where they originate – have steadily grown in significance. The World Bank’s Migration and Remittances Unit recently pegged these global flows at $350 billion per year. Some estimates peg them as high as $500 billion annually – particularly when you include unofficial flow estimates and intra-continental transfers.
  • Topic: Development, Diplomacy, Migration, Foreign Aid, GDP, Economy
  • Political Geography: India, Philippines, North America, Mexico, United States of America, European Union