Aid Eclipsed

Remittances are larger than official development assistance. According to this BBC piece, remittances in 2010 were $51.8 billion, while ODA was $43 billion. The author of the cited study argues that this inequality holds world-wide, saying that overall remittances are two and a half times greater than ODA ($350 billion vs. $150 billion).

Imagine how big remittances could be if rich country immigration policies were less miserly!

 

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