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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
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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.
>
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