Read all posts for ‘remittances’

The current economic crisis has no doubt affected every country in one way or another. I can only speak of my own experience. As I described in my previous blog, many citizens of Bosnia-Herzegovina are dependent upon remittances from their relatives living in more developed parts of the world.  The 1992-1995 war displaced […]

Will 2013 bring an economic drought?  U.S. National Archives via Flickr.com Once upon a time, there was wealth. If we were to portray it, it would be a handsome hunk with long blond hair, blue eyes, pale skin, riding carefree, roaming anywhere, spreading his beauty and joyfulness all around. Hey, wait! […]

African countries like Uganda are paying more attention to migrant workers’ remittances because this money has become another avenue for spurring domestic development. The reason for this attention is simple: “remittance flows directly impact on consumption, savings and investment“. As of 2007 Uganda was among the top 10 African remittance […]

We all know that immigrants send money home, but did you know that large corporations and international enterprise do the same? They start their businesses in the developing world and then they leave with all the resources and most of the profits  – though they also increase the socio-economic standards […]

The question of how much good remittances are doing to our countries is very difficult to answer. The first and most obvious answer is that they are definitely doing good since they are sent expressly to improve the quality of life of family members who stayed behind. Money comes in […]