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
Vatican seminar on water pushes for better public policies
02/24/2017. A 2-day seminar aiming to propose much needed public policies for water and sanitation management is underway in the Vatican.
The Grand Hospitaller meets Russian authorities in Moscow: on the agenda commitments in the health, social and humanitarian fields
12/22/2017. The Russian deputy foreign minister has expressed his willingness to strengthen bilateral cooperation.
Humanitarian Diplomacy, a Fig Leaf for Extrem Violence
09/28/2016. Interview with Michaël Neuman and Fabrice Weissman, research directors at Crash.
