The Wall Street Journal, February 28, 2016: An American Cure for Poverty: Remittances
“Hundreds of billions of foreign-aid dollars have gone to fight rural poverty in the developing world since the end of World War II. But ask people in this dry, mountainous outback what has made the most difference in their difficult lives and you get only one answer: remittances. The U.S. Agency for International Development, the World Bank and the InterAmerican Development Bank have brought remarkable prosperity to Northern Virginia and Maryland. But it’s the fruits of migrant labor sent home that explain how, in places like this, hardscrabble poverty is slowly giving way to development.”