Financial Times FT.com

Remittances double as migrant labour rises

By Andrew Taylor

Published: June 24 2008 04:52 | Last updated: June 24 2008 04:52

Increased labour mobility has led to an upsurge in the movement of money transfers across international borders, as migrant workers send a large proportion of their earnings home to help families left behind.

The cash constitutes a vast sub-economy upon which many nations depend to sustain their gross domestic product.

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