Is Sending Money Back Home Bad ?

Mon20Mar2006

Is Sending Money Back Home Bad ?

09:18 H | Topics: El Salvador - Mexico - Money

Every day immigrants send millions of dollars back home, to where they came from and families they left behind. In the words of Martha Stewart, it's a good thing. Or is it? An article posted today at AlterNet calls takes a really interesting look at some of the negative consequences of remesas. For example is the dinero that is being sent back home and being pooled to provide infrastructure development letting foreign governments off the hook from providing services they are responsible for providing like clean water? On a more global scale, do so called First World governments like the U.S. take into account the amount of money being sent back home when developing foreign aid packages? This article takes the issue to a different level I know I personally never have reached when passing the countless money transfer locations here in New York City.