Your English writing platform
Discover LudwigExact(1)
So bitcoin has been very useful at helping people send money, whether it's remittances or transfers by big multinationals.
Similar(59)
Now it will shrink further.The biggest flow of money from rich countries to poor ones is remittances.
How effective are remittances?
Which raises the question, are remittances little more than Band-Aids?
Whether there are remittances or training or schooling, these won't address the basic problems that are there.
Tourism is also a significant source of revenue and foreign exchange, as are remittances from migrant workers living abroad.
The export of fish and lobster is an important source of foreign exchange, as are remittances from émigrés working abroad.
Another large source of foreign-exchange inflows has been remittances from the huge number of Indians working overseas temporarily.
A third is remittances from Peruvians who live abroad: these totalled $1.3 billion last year, according to a study by the Inter-American Development Bank. Inter-American Development Bank
"Our research found that not only are remittances used only for immediate consumption, but they are not truly impacting the country socially.
In countries like Tajikistan, a major source of labour for Moscow, more than half the GDP is remittances sent home from Russia.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com