PRB Discuss Online: Remittances, and the Recession’s Effects on International Migration
About 3 percent of the world’s people are international migrants, living outside their country of birth for a year or more. Two-thirds of these migrants leave developing countries for developed or other developing countries, and the remittances they send home—around $325 billion in 2010—are larger than total official development aid. The 2008-2009 recession slowed migrant…
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