Random readings on society, politics and change – Jorge Carrillo
How does migration affect development? Maybe the most obvious way is the money that migrants send home to poor countries: remittances. But for years, development researchers have faced a puzzle. On one hand, our best estimates show soaring remittances to developing countries—over $400 billion last year, triple the value of all foreign aid. On the other hand, economists have a hard time detecting any effect of all that money on economic growth in the countries migrants come from.
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