Material Detail

Funding Nations Through Remittances

Funding Nations Through Remittances

Remittance income is money that is sent internationally to family members after an individual leaves their country of origin to find work abroad. In some countries, remittance income accounts for a substantial portion of a country’s source of wealth (Seear, 2007). This interactive tool provides a very interesting way to explore the exchange of remittances across the world. It is obvious that the individuals as well as the country receiving the remittances are benefiting from the exchange, For example, remittances were responsible for 39% of Tonga’s (a small south pacific group of islands) gross domestic product in 2002, money which is often used to fund education, health programs and public infrastructure (Ratha, 2002). Although this exchange of money across countries has many benefits for... Show More
Rate

Quality

  • Editor Reviews
  • User Rating
  • Comments
  • Learning Exercises
  • Bookmark Collections
  • Course ePortfolios
  • Accessibility Info

More about this material

Browse...

Disciplines with similar materials as Funding Nations Through Remittances
People who viewed this also viewed

Comments

Log in to participate in the discussions or sign up if you are not already a MERLOT member.