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Financial Times
10 mins | May 13, 2020

Remittances: the hidden engine of globalisation

Remittances are now a multi-billion dollar informal cash-flow. Remittances were once viewed by economists as a secondary issue, but as of August 2019, money sent home by migrants across the world for the first time exceeded foreign direct investment. What potential does this hold for the economies receiving it? A Financial Times' team of journalists investigate.

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