http://www.thinkchangeindia.org/2008/03/16/financial-frontiers-migration-and-remittances/ Tracking Social Entrepreneurship and Innovation in India Sat, 20 Mar 2010 13:44:53 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.thinkchangeindia.org/2008/03/16/financial-frontiers-migration-and-remittances/comment-page-1/#comment-3146 Remitter Wed, 21 May 2008 04:44:17 +0000 http://thinkchangeindia.wordpress.com/?p=182#comment-3146 Migration and remittances go hand in hand. The migrants from developing countries like India, Sri Lanka and Philippines mostly leave their countries because they seek to earn better for their families. These countries too have gained enormously from the remittances. The challenge has traditionally been on putting the remittances to work and those countries which have failed to do so are now heavily dependent on the remittances from the developed countries. Philippines for instance is reeling under the economic pressure owing to its too much dependence on the dollar. Migration and remittances go hand in hand. The migrants from developing countries like India, Sri Lanka and Philippines mostly leave their countries because they seek to earn better for their families. These countries too have gained enormously from the remittances. The challenge has traditionally been on putting the remittances to work and those countries which have failed to do so are now heavily dependent on the remittances from the developed countries. Philippines for instance is reeling under the economic pressure owing to its too much dependence on the dollar.

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