Curse or Blessing? Natural Resources and Human Development
This paper argues against a natural resource curse for human development. We find evidence that changes in human development from 1970 to 2005, proxied by changes in the Human Development Index, are positively and significantly correlated with natural resource abundance. While our results are consistent with those of other authors […]
U.S. Remittances to Latin America (Spanish)
According to recent surveys, every Latin American immigrant in the United States sends between $100 and $300 back home each month. This report highlights the remittance practices of Latin America and their role as a foreign currency source across the region.
Migrant Workers Sending Less Money to Latin America
Funds sent by overseas workers back to Latin America and the Caribbean are expected to drop steeply in 2009, shrinking a crucial source of cash for many families in the region. Remittances to the region began to slow in 2008 after a decade of growth, according to the Inter-American Development […]
Dropping remittances hits Mexico
The remittances that Mexican emigrants send home to their families from a recession-bound US has dropped by 14 per cent over the last year. Adam Thomson visited the small town of Sengio in the southern state of Michoacan to see how families and local businesses are being affected by the […]