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The importance of remittances - and trouble ahead

Ruth Tarrant

28th January 2016

A remittance is money sent home by migrant workers. In 2014, migrant workers sent home a whopping $580bn. Why are remittances so important, especially in LEDCs, and why are remittance flows in trouble?

Ruth Tarrant

Ruth has been Subject Lead in Economics at tutor2u for many years after a career of teaching Economics, Business, Politics and Maths in a range of secondary schools. She is a highly experienced A level Economics Examiner, and also teaches undergraduate Economics on a very part-time basis at the University of Oxford. Ruth is passionate about making economics fun, engaging and accessible.

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