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Alvaro Patino
on Nov 05, 2024

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________ is (are) estimated at approximately $100 billion per year.

A) Remittances sent from developed countries to less developed countries
B) Capital flight from the United States
C) Social overhead capital in the United States
D) The value of brain drain flowing into the United States

Remittances

Money sent by individuals working abroad back to their home countries, contributing to the economy.

Developed Countries

Nations with advanced industrial bases, high levels of income per capita, and varied economies, often characterized by stable governments and well-established infrastructures.

Capital Flight

The tendency for both human capital and financial capital to leave developing countries in search of higher expected rates of return elsewhere with less risk.

  • Acquire knowledge regarding the influence of remittances on the economies of countries in development.
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SR
Sidney Robinson IINov 07, 2024
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