Cash Trails

Remittances have overtaken foreign direct investment as the largest flow of capital into emerging economies. The FT examines how the money migrants send home connects disparate countries in unexpected ways.

With 270m migrants around the world, the money they send home now exceeds foreign direct investment

Workers spend $25m a year sending money home

European labour shortages lure young people in search of higher wages

Remittances are vital for Himalayan nation’s economy but local industry has lagged behind

Migrants’ money channelled into diaspora bonds and infrastructure investment

White House threatens to use remittances from US as leverage in migration dispute

Remittances of cash, food and goods comprise nearly 10 per cent of GDP