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Mexico’s 3×1 Programs Aims to Channel Remittances
The remittances sent home from Mexicans working in the US adds entries to both sides of the balance sheet. First, the negative: the billions of dollars sent from immigrants living and working in the US to their family members around Mexico reflect a weak labor market and a scarcity of […]
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Illegal Immigrants’ Dilemma in Sending Money Home
Just like other Middle Eastern people, the people of South Asian region – especially of Pakistan, Afghanistan, Bangladesh and India – dream of being rich and setting up in some developed country preferably in North America or Europe. The only difference is that the situation becomes worse when most people […]
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Poor economic times can cause political tensions over remittances in developed countries
For many in the West, particularly Americans, remittances play a relatively inconsequential role in their daily routine. This is somewhat unsurprising given the fact that in the overall context of developed “host” countries’ economies, remittances generally make up a rather small portion. For instance, the United States was the leading […]