Dilip Ratha:
The hidden force in global economics: sending money home

TEDGlobal 2014 · 16:59 · Filmed Oct 2014
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In 2013, international migrants sent $413 billion home to families and friends — three times more than the total of global foreign aid (about $135 billion). This money, known as remittances, makes a significant difference in the lives of those receiving it and plays a major role in the economies of many countries. Economist Dilip Ratha describes the promise of these “dollars wrapped with love” and analyzes how they are stifled by practical and regulatory obstacles.

Remittances expert
Economist Dilip Ratha was the first to analyze the global significance of remittances — money sent from foreign workers to their families back home. Full bio
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