Explain how remittances from migrant workers create purchasing power in other countries. Why do migrant workers send remittances? What happens with this money?

Question

kristen.4 · Answer

Remittances represent cash flow from the host country to families in the home country. Migrant workers may cross borders to seek employment opportunities in a new country. When sending remittances, they are sending funds back to their home country. Remittances often are used to support families, businesses, or savings opportunities in home countries.