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Cash Tide Reverses.(International Edition; IMMIGRATION)(emigrant remittances flow from developing countries to rich nations)(Brief article)
Byline: Sarah Garland
America's immigrants have long been propping up family members back home (and by extension, developing-world economies) with remittances. Now they're asking for the favor to be returned. A new phenomenon of "reverse remittances"--cash flowing backward from developing countries to immigrants in rich nations--is on the rise. Money-wiring services report a flood of new transactions, and World Bank economist Dilip Ratha--who tracked the phenomenon in Mexico, the Dominican ...
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Source: HighBeam Research, Cash Tide Reverses.(International Edition; IMMIGRATION)(emigrant...