Gordon Hanson Featured as Guest Speaker on Southern California Public Radio
02/13/2010
Patt Morrison (host),
Southern California Public Radio
In 2009, Mexico experienced the largest decrease in money sent home by migrants ever recorded by Mexico's central bank. Remittances from migrants working primarily in the United States dropped by nearly 16 percent. Mexico is heavily dependent on these cash transfers, which total billions of dollars and represent the country's second-largest source of income after oil exports. Last year, Mexican migrants sent home $21 billion, according to Mexico's central bank. That's off from a peak of $26 billion sent in 2007. So what does this mean for economies in California and Mexico?
To listen to the segment online, click here.
Related Links
Gordon Hanson's faculty web page
