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Also see the stagnation of Central American and Caribbean countries despite their large populations of migrants in the USA. Remittances are not some kind of ec
by popularonion 4y ago
Also see the stagnation of Central American and Caribbean countries despite their large populations of migrants in the USA.
Remittances are not some kind of economic cheat code or the basis of a national development policy, they’re basically a painkiller that might help prevent a complete collapse of the country.
- inglor_cz 4y agoSame with Moldova or Kosovo.
- jl6 4y agoIt’s hard to disentangle cause and effect here. Those regions could be in even worse shape were it not for remittances. Or they could be in even better shape if the migrants had stayed at home and worked on improving their own countries instead of brain draining to the USA.