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The most obvious way is through remittances.
Migration also benefits their own country's economies by alleviating pressure on public services and through remittances.
Farah's native Somalia has no regulated banking system and gets 50% of its income through remittances.
Considering a threshold partial adjustment modelling approach, the results document that real exchange rate depreciations exert a stronger positive effect on poverty through remittances.
Reprints Related items Migration: The future of mobilityMay 26th 2011The most obvious way in which migrants repay their homelands is through remittances.
"Thousands of children in Somalia pay their monthly school fees with money sent through remittances by their relatives outside the country.
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Since 2000, countries have raised approximately $15bn in external debt through remittance securitisation.
"Every time my wife is about to deliver a baby, my older brother who lives in the US would send me money for hospital expenses through remittance companies.
Through remittance services, banks also hoped to draw these immigrants -- more than half of whom do not have bank accounts -- into the formal financial sector.
And there are certainly advantages in terms of people trying to remit amounts back to their home countries, for example, when you're working in foreign jurisdictions, without having to go through remittance services and then suffering transaction charges as well.
In 2014, China received $64 billion through remittance and India $71 billion.
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