The New Foreign Aid
A billion people one in every six on Earth are believed to receive some help from cash earned by workers abroad. Are these remittances beneficial or detrimental to the communities they affect?
From the Los Angeles Times
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Los Angeles Times Administrator @ 8:51 PM PST, Jan 19, 2007
I am not sure exactly about other countries, but I really experience the poverty that some people are sometime really poor. In the northwest of China, they do not know more than a purple in the big city, so their children's education will be a problem
XieLiwe @ 11:49 PM PST, Dec 5, 2006
There is so much more money in remittances than foreign aid that the international community, developing economies and donors need to do more to tap them. This is the type of subject we are going to be discussing at www.internationalstrategy.org at the forum.
Jeremy @ 7:13 AM PST, Nov 24, 2006
This may be statistically correct, with some variations in terms of their distributions. For countries like Phillippine, Guetamela and few other countries, the result may be as high as that estimates, but for some other countries it may differ markedly even with the wave of globalization.
Emmanuel Emeka @ 2:03 AM PST, Nov 23, 2006
Remittances of overseas truly benefit their families and it hepls the local economy. However it does not benefit the country in the long run, since the Goverment of the day will not have proper initiatives to develop the local economy instead of relying heavily on remittances.
Sasha @ 12:40 AM PST, Nov 23, 2006
There are at least two profound social costs: children growing up without a parent [or two]; and in more instances than people are willing to admit, the creation of a culture of dependency.
davidcmartinez @ 10:49 PM PST, Nov 16, 2006
the immigration problem is huge, and in the part of the world where i come from(nigeria), it is becoming disatrous,the rural-urban drift alone is such huge cause of concern,let alone those that concern international boundaries
f.Ashcroft @ 8:25 PM PST, Nov 15, 2006
Of course there's an element of beneficiary. However, in the long term it enhances dependency. Why not address the productivity factor in those countries? I suppose the core issues are faith/religion together with the legacy from slavery and the colonial period.
Bill Monkau @ 7:31 AM PST, Oct 29, 2006
Education and the population growth are related, we know, but you would help your family back home too; stop complaining about good ethics and bad luck.
ballyvalleygirl @ 6:55 PM PDT, Sep 3, 2006
Some in Mexico argue that these remittances allow the elites to avoid supporting social services or other government programs. this is apart from the stress of families separated and villages in Zacatecas, Michoacan, and other states where just the very young and the old still reside.
Steve Cisler @ 4:24 PM PDT, Aug 24, 2006
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