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Thread: Why do jamaicans find it so easy to beg.

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  1. #13
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    Remittance

    Quote Originally Posted by Rob View Post
    Remittances is the term for what is being described above. In the developing world, when the unemployment is high and the average wage is low, remittances are a common occurrence. This happens world wide and is not exclusive to Jamaica. .
    "There are 2.7 million Jamaicans living at home and the official estimate is that, an equal number of Jamaicans also lives overseas. Last year, Jamaicans living abroad send home approximately US$2.6 billion. Just ahead of what the island earns from its major industry tourism, and ahead of what is brought in by the bauxite industry.
    Another significant figure is the estimated US$40 billion purchasing power of Jamaicans living abroad. It should therefore come as no surprise that the Jamaican Government is actively pursuing this potentially rich source of investment capital and political influence."

    This was from a report a few years ago. Jamaica is UNIQUE as in PEOPLE and CULTURE. Which OTHER contry gets more in FREE money that its leading industries.
    Last edited by Sweet_Dawta; 10-08-2011 at 11:12 PM.

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