Wednesday, October 24, 2007

Remittances as a Percent of GDP

I found it interesting that some countries are so poorly managed that those people who have emigrated from those countries are able to supply nearly or over a third of the countries' GDP through remittances.

That being said, remittances are supremely superior to foreign aid. The money is sent directly to the people, directly sent to the market, needn't go through a bureaucracy such as the UN and thus actually might get something done.

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