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Nakul Lele's List: Remittance
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Middle East has become the fastest growth region for the money transfer and remittance industry due to the huge development projects requiring increasing numbers of expatriates
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Globally, the tally is huge: migrants from poor countries send home about $300 billion a year. That is more than three times the global total in foreign aid, making “remittances” the main source of outside money flowing to the developing world.
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Sending Money Home: Worldwide Remittance Flows to Developing Countries Manuel Orozco. October 2007.
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Remittances
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