Does your income rely on money sent from a family member working abroad ? Have you travelled away from home to find a job to help support your family ?
If so, you are part of a hugely important area of the world economy – remittances. Last year, an estimated 305 billion dollars of remittances were sent around the globe.
One of the big questions of the global downturn is: What impact will the recession in the big rich economies of the US and Europe have on the amount of remittances sent home to poorer, developing nations ?
Here’s a story about Mexico, which has seen a big fall in the cash sent home from the U.S. , as unemployment there has risen.
In Spain – which has the highest jobless rate in Europe – Bolivian women seem to be holding on to their jobs.
Are women better at saving money for their families than men ?
Here’s a blog at the World Bank which suggests the value of remittances isn’t falling as sharply as some think.
But parts of Africa are being hit.
I’m James Whittington , in charge of business programmes at the BBC and next week we start something called Taking the Pulse of the Global Economy.
Post below if you have something to share with us.