Changes in remittance trends affect Latin America and the Caribbean

The economies of the world have become more inter-dependent as globalization took main stage in the 20th century.

Flow of people, jobs and money has created bonds of economic dependence between those who dare to leave their countries of origin looking for opportunities and their loved ones left behind.But as international conditions change, those bonds are generating new and interesting trends between rich and poor nations.

Millions of Latin Americans depend on the money their migrant relatives send every month back home.

A meager remittance of $100 USD can double the income of a working family in Mexico –a minimum monthly salary of $ 850 MXN is approximately $ 65 USD

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