the Voice of
The Communist League of Revolutionary Workers–Internationalist
“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx
the Voice of
The Communist League of Revolutionary Workers–Internationalist
“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx
Sep 17, 2012
A new report of the World Bank shows that money from emigrants back to their home countries totaled 372 billion dollars last year, a rise of more than 12%. In 2012, the figure is expected to reach 400 billion, which is an underestimate according to the report. Even so, it represents three times the aid the rich countries give to the poor countries.
The largest amount of money goes back to India, with China in second place, followed by Mexico, the Philippines, Egypt and Nigeria. In some of the smaller countries–like Tadjikistan or Lesotho–the transfers of money from emigrants constitute a quarter or even a third of their gross domestic product.
Migrant workers continue to make enormous efforts not only to support themselves in new, often unfriendly countries, but to send money home to their families. The main aid going to poor countries comes from the poor themselves.