Migrants significantly contribute to economic growth
Migrants contribute to economis growth in both their countries of origin and their countries of destination.
Many migrants send money, known as remittance, back to their home country. In 2015 alone, migrants sent $432 billion back to developing countries.
This is triple the amount of money sent globally as development aid.
This flow of money from megrants represents not only a source of foreign exchange for developing countries but crucially a reliable source of income for millions of families.
When the global financial crisis hit in 2008, direct foreign investments in developing countries plunged 89% while remittances only dipped 5%. Migrant adds significantly to the economics of their host countries, contributing more in taxes and social contributions than they receive in individual benefits.
Related Articles
UN Aid Chief: Over 11 Million Syrians Need Humanitarian Aid
11/14/2019. With the resolution authorizing cross-border aid expiring in December, Lowcock stressed to the council that “there is no alternative to the cross-border operation”.
The Coming Crime Wars
09/21/2018. Future conflicts will mostly be waged by drug cartels, mafia groups, gangs, and terrorists. It is time to rethink our rules of engagement.
Archb. Tomasi: Syrian children risk becoming a lost generation
03/17/2015. Archbishop Silvano Tomasi has warned that unless efforts are made to protect millions of children caught up in the Syrian conflict they are at risk of becoming a lost generation.
