Remittances play a well-known but little discussed role in emerging markets around the world. Low-income countries like El Salvador are heavily dependent upon such payments from families and friends who work in other countries, with roughly 20% of gross domestic product coming from remittances. The ... READ MORE >
Worker remittances
CHART OF THE DAY: Remittances to Mexico reach record levels
Worker remittances to their families in Mexico reached an all-time high in March, totaling $4.15 billion, according to Banco de Mexico. Remittances—which are funds sent home by workers in other countries—had been increasing along with the decade-long U.S. economic recovery from the global financial crisis ... READ MORE >