How Migration Influences Remittance

Transferring Money Around The Globe

Remittance patterns across the globe tend to follow patterns of migration.

The spread of globalization has accelerated migration trends and indirectly influenced many industries, including the remittance industry. Per the United Nations, 230 million people lived abroad (outside their home countries) in 2013. Per the World Bank, “remittances sent home by migrants to developing countries are equivalent to more than three times the size of the official development assistance.” Continue reading How Migration Influences Remittance

Remittance On Rise In Mexico

Sending Money To Mexico Has Positive Outcome

Aside from oil, remittances (money transferred to Mexico from other countries) are the largest contributor to the country’s foreign income. Recent studies showed that an influx of remittances seem to correlate with a drop in homicide rates. Thus, reports indicating remittances are on the rise offer a glimmer of hope for Mexicans faced with brutal violence. Continue reading Remittance On Rise In Mexico