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
Poorer countries host most of the forcibly displaced
02/27/2017. Most of the 3.2 million who were driven from their homes in the first half of 2016 found shelter in low or middle income countries.
Fighting violent extremism – humanitarians beware
08/03/2017. Communities in some of the most dangerous corners of the world will be left without lifesaving aid because of countering violent extremism agendas. Millions of people living in countries facing famine may be hardest hit.
Syria Changed the World
04/21/2017. The world seems awash in chaos and uncertainty, perhaps more so than at any point since the end of the Cold War.
