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CIMEX is Cuba's biggest company, turning over more than $1 billion; among other things, it processes remittances from Cubans abroad and rents property to foreigners.The new guidelines promise to intensify the decentralisation of the economy that Raúl favours (and Fidel opposed), granting wide autonomy to state companies.
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The second is Ripple development, a payment protocol used for distributed processes for remittances, payments and exchanges.
Many people in developing economies are subject to complicated remittance processes, exorbitant online payment fees and high currency exchanges.
Amit tells us that the company has processed close to $1 billion in remittances, and has grown 15-fold over the past year.
GE is applying its competency in process improvement to drive organic growth, focusing on what GE believes are the three core growth processes: Inquiry-to-Order, Order-to-Remittance and New Product Introduction.
In the light of the findings, the study pitches its tent around the concept of remittances as a learning process for aid administration.
But wiring remittances is a far-from-efficient process, as anyone queuing up outside, say, a Western Union or Moneygram will tell you.
Meanwhile, the impact of remittances has been widely acknowledged in the national development process.
The cancelled US aid program and loss of remittances from 800,000 Yemeni workers expelled from Saudi Arabia hampered the shaky process of state building that followed the introduction of democracy in 1990.
Although this literature is relatively vast, the analysis of the motives for remittances has until recently overlooked important elements of the migrant's decision process.
Thus, it seems that economic expansion in the Philippines has more to do with consumption inertia, steady inflow of remittances, and a skilled and affordable pool of labor attracting the global Business Process Outsourcing (BPO) industry.
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CEO of Professional Science Editing for Scientists @ prosciediting.com