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Three Ways In Which Money Moves from First World Countries to Third World Countries

November 16, 2013

The way the world works is such that we tend to have a lot of money flowing from the first world countries to the third world countries. There are, in actual fact, some three ways in which money moves from first world countries to third world countries.

The first way in which money moves from first world countries to third world countries is through aid. The aid is either channeled through the government directly or through Non Governmental Organizations.

The second way in which money moves from first world countries to third world countries is through remittances. These are usually personal arrangements, like where, Diaspora citizens send money to their poor relatives in third world countries. It can be a situation where, for instance, a Diaspora citizen living in a place like, say, New Jersey, makes an unemployment claim at www.njuifile.net, (that is, the www.njuifile.net weekly claim) after going through the njuifile.net sign in page requirements, only to send a portion of the money to his relatives back home. The argument would be that, in spite of his hard predicament in the west, his relatives back home need the money more.

The third way in which money moves from first world countries to third world countries is through foreign direct investment.

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