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Geography

How Remittances Influence Economic Geography in Developing Countries

Quick fact

In many developing countries, remittances are larger than foreign direct investment or development aid, sometimes exceeding 20% of GDP and directly shaping which towns grow and which ones stagnate.

Why this is interesting

Every year, migrants send hundreds of billions of dollars back to their home countries. Could this invisible river of money be quietly redrawing the map of entire regions?