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Subject:
Re: GHANA: Economic Importance of Foreign Remittances
From:
VERA R CROWELL <[log in to unmask]>
Reply To:
African Association of Madison <[log in to unmask]>
Date:
Sun, 6 Jan 2008 01:12:54 -0600
Content-Type:
text/plain
Parts/Attachments:
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***********************************************************

               RENEW YOUR ANNUAL MEMBERSHIP WITH AAM!!!!

       SEND A CHECK FOR $25 TO AAM, P. O. Box 1016, MADISON, WI 53701

            MEMBERSHIP PERIOD:OCTOBER 1    -    SEPTEMBER 30

***********************************************************

You are absolutely right. I have seen figures that state that approximately $40 billion dollars is sent out of the US every year with almost half of it going to Mexico. 

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"In the days before volcanoes were invented, lava had to be hand carried down from the mountains and poured on the sleeping villagers.
This took a great deal of time." 

----- Original Message -----
From: Godwin Amegashie <[log in to unmask]>
Date: Saturday, January 5, 2008 5:51 pm
Subject: Re: GHANA: Economic Importance of Foreign Remittances
To: [log in to unmask]


> ***********************************************************
>  
>                 RENEW YOUR ANNUAL MEMBERSHIP WITH AAM!!!!
>  
>         SEND A CHECK FOR $25 TO AAM, P. O. Box 1016, MADISON, WI 53701
>  
>              MEMBERSHIP PERIOD:OCTOBER 1    -    SEPTEMBER 30
>  
>  ***********************************************************
>  
>  Normally, I take a back seat on many topics on this site. However, it 
> is
>  important to offer the knowledge that funds flows are not a one way street.
>  Many US firms that "invest" in other countries also remit out of those
>  countries in the form of royalties, profit repatriation etc. If you 
> look at
>  the US balance of trade, there is a category called "transfer  payments
>  etc". This is  the nature of economics. 
>  
>  -----Original Message-----
>  From: African Association of Madison [mailto:[log in to unmask]] 
> On
>  Behalf Of VERA R CROWELL
>  Sent: Saturday, January 05, 2008 1:22 PM
>  To: [log in to unmask]
>  Subject: Re: GHANA: Economic Importance of Foreign Remittances
>  
>  ***********************************************************
>  
>                 RENEW YOUR ANNUAL MEMBERSHIP WITH AAM!!!!
>  
>         SEND A CHECK FOR $25 TO AAM, P. O. Box 1016, MADISON, WI 53701
>  
>              MEMBERSHIP PERIOD:OCTOBER 1    -    SEPTEMBER 30
>  
>  ***********************************************************
>  
>  Has anyone ever considered what it does to the economy of the country 
> the
>  money is earned in to have billions siphoned out of it, year after 
> year, in
>  a one-way direction? If those countries receiving remittances are also
>  receiving foreign aid from the source countries of the remittances, 
> then the
>  taxpayers of those countries are paying twice...and taking a hit in the
>  economy, too. Just something to think about when complaining about economic
>  realities...and placing blame.
>  
>  *** Send email to the list: [log in to unmask] ***
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>  
>  *** Send email to the list: [log in to unmask] ***
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>  

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