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Remittances

3.7K views
•
June 11, 2015
by
Marginal Revolution University
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Remittances

Transcript

A remittance occurs when an individual working in a foreign country sends money back to the home country. Remittances are an important source of income for many developing nations. Number one on this list is Tajikistan, where remittances account for about 35% of GDP. Other nations where remittances are extremely important include Tonga, Moldova,... Read More

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