The global financial crisis caused a slow-down in foreign direct investments in least developed countries, but aid is still rising quickly. Remittances are on the up and up, but The Economist notes that it is in some part due to an increase in migration. However, remittances play an important economic role accounting "for 4.4% of the LDCs' GDP, are equivalent to 15% of their exports, and are their second-largest source of foreign financing"
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I wish migration were a factor in the MDGs. The MDGs are so Western-aid-based they overlook the role played by migration & remitances. Just look at all those remittances... and now imagine what they would be if we made the free movement of labor a development priority. #Post2015
http://blogs.cgdev.org/globaldevelopment/2011/09/trillion-dollar-bills-on-the-sidewalk-why-don%E2%80%99t-more-economists-study-emigration.php
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