Remittances - Very little volatility and used for housing...

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1. Remittances a. Be able to define remittances and discuss why they exist. Transfer of money by a foreign worker to his/her home country. b. Be able to talk, in general, about the trend in remittances, how important they are, how consistent they are, and how evenly they assist various LDCs.
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Unformatted text preview: Very little volatility, and used for housing, food quality improvements, and keeping kids in school. c. What are the advantages and disadvantages relative to other foreign flows? Same....
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