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The World Bank monitors remittance costs through the Remittance Prices Worldwide database.
Alain and John were looking into the remittance space.
It is beyond the scope of this study to calculate, as Goldfarb et al [ 8] did, the extent to which nurse remittances are sufficient to cover the private and social costs of their training, but there is clear evidence from the remittance behaviour described here that the transfer income equivalent to US$2,688 per annum would certainly exceed the initial investment in their human capital.
But the per capita of remittances as well as the annual growth rate of transfered remittances from Iranian immigrants have been lower than the global average and than that in all the studied countries.
But while competition and technology have lured banks into the $24 billion-per-year remittance business from the U.S. to Latin America–$9 billion going to Mexico alone the ultimate goal is to help secure the $540 billion in purchasing power controlled by Latinos in the U.S. It's a true win-win situation for both sides, but the customers won't just walk in on their own.
The remittance economy has had a hugely positive impact worldwide.
Figure 1 The remittance technology.
Figure 2 The remittance technology (convex case).
One day, Meera does not find the remittance from Shankar.
Small steps are being taken to protect the remittance flows.
It would appear that the remittances from respondent migrant nurses fall into the first "wave" of remittance flows, as identified by Brown and Porine [ 24, 42]: remittances to parents to repay their human capital investment.
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CEO of Professional Science Editing for Scientists @ prosciediting.com