The remittance mystery

When workers past retirement age can’t afford to retire — that’s one thing. When they can, and just don’t want to — that’s trickier.It used to be legal to force people to retire when they hit a certain age. The trend used to be earlier and earlier retirement. Now it’s later and l ...  Show more

Imagine a nation where, for the residents, land is for the claiming. You walk down the street, pick out a nice looking plot of land, and just plop down a marker. No rent, no taxes, no deed – just free land. That’s the communal system of property rights that governed a small Carib ...  Show more

Each year millions of Indians go abroad to study and work. A lot of them end up sending money back home, a transfer known as remittances. The money is a crucial source of household income in low and middle-income countries, according to the World Bank. India is the only country t ...  Show more

The FT’s Gideon Rachman discusses the messaging wars between the US and Moscow over Ukraine, Central America and Mexico is benefiting from a bumper year in remittances from migrant workers in the US. Plus, the FT’s Jonathan Wheatley explains why investors might be getting more ...

Despite an interconnected and increasingly digitalised world, a historical black cloud has been hanging over an area of finance relied upon by institutions, retail and a billion people associated with migrant work: Cross-border payments.Domestic money transfer has seen a dramatic ...  Show more

The rich world is experiencing <a href="https://www.economist.com/finance-and-economics/2024/07/21/the-rich-world-revolts-against-sky-high-immigration?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_ ...