sujewa films nyc

Sunday, December 07, 2008

A world connected by remittances

A few $s go a long way in some parts of the world - wired some $s (nothing very significant by US standards) to a relative in Asia in order to help another relative out in an emergency, and in the follow up call talked about how that even a few $s a month (let's say around or under $100) can make a huge difference in the standard of living for most people in the developing world. Which led me to read up on the world of remittances in Wikipedia, from the page:

"Remittances are transfers of money by foreign workers to their home countries.

Money sent home by migrants constitutes the second largest financial inflow to many developing countries, exceeding international aid. Latest estimates vary between IFAD estimates of US$401 billion and the World Bank information from central banks at a more conservative US$250 billion for 2006 and these figures are increasing by almost 30% year on year. Remittances contribute to economic growth and to the livelihoods of needy people worldwide. Moreover, remittance transfers can also promote access to financial services for the sender and recipient, thereby increasing financial and social inclusion."

Read the rest of the Remittances page here.

The actual $ figure for money sent by people with ties to other countries (family, etc.) is probably higher than estimated in the Wikipedia page because it is not only "foreign workers" who send money "back home" on a regular basis but also others who have permanently settled in the "first" world, and in some cases their children and grand children - born in the "first" world but still with functional ties to the ancestral homelands.

Nice to see that so many ordinary people participate in these trans-national, trans-continental economic transaction; a world/millions of people connected by wire transfers :)

- Sujewa

No comments:

BREAKTHROUGH WEEKEND Teaser Trailer

DATE NUMBER ONE on Vimeo VOD

Indie Film Blogger Road Trip

ad - wifi doorbells from rintercom

NEW WiFi Doorbells from Rintercom - amazing deals on a great product


call us for great prices on wifi doorbell intercoms & similar items! we sell wholesale to builders. also retail to individual users.

we have several wifi doorbell intercoms starting at $180. see various products & prices here - http://www.rintercom.com/blank-1

WiFi Doorbell Intercom
Monitor your doorsteps at anytime and anywhere from your smartphone or tablet
Receive Instant Alerts everytime a visitor presses your doorbell
No App charges or monthly maintenance fees
Using the ControlCam App you can see the live feed video and have a two-way conversation as well as recording both videos and photos.
With any electronic lock or magnetic lock you can unlock the door using the App.

more info here - http://www.rintercom.com/

or visit our showroom in brooklyn!

*
similar to skybell wifi doorbell, ring wifi doorbell, door bird wifi doorbells

At DIY Filmmaker Blog's Facebook Page

Followers

BREAKTHROUGH WEEKEND Teaser Trailer on Vimeo

Breakthrough Weekend teaser trailer on YouTube

Good Reads