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David McKenzie's blog

Blog links June 6: Impact of High-Skilled Migration, Failed Forecasting, a large IE database, and more…

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Almost 80 percent of the growth in remittances to developing countries over the past 20 years is an illusion

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Remittances sent by migrant workers to developing countries have soared in the past two decades. According to the World Development Indicators, workers’ remittances to developing countries were just US$47 billion in 1980 (in constant 2011 dollars). After barely rising by 1990 ($49 billion), they doubled by 2000 ($102 billion), and from there, tripled by 2010 ($321 billion).

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