Funds from migrant workers abroad boost Third World economies
December 15, 2011
Migrants living in the developed world are sending more than $350 billion this year to relatives and friends in the Third World countries from which they come, according to a study by the Pontifical Institute for Foreign Missions (PIME).
The sums sent home by migrant workers—which are up 8% this year—represent a substantial boost to the economies of their native lands, PIME notes.
All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!