Western Union Empire Moves Migrant Cash Home - New York Archives — LIRNEasia


Remittances and those who move them

Posted on November 22, 2007  /  2 Comments

By this time next year, LIRNEasia will have much to say on this subject. Western Union Empire Moves Migrant Cash Home – New York Times With five times as many locations worldwide as McDonald’s, Starbucks, Burger King and Wal-Mart combined, Western Union is the lone behemoth among hundreds of money transfer companies. Little noticed by the public and seldom studied by scholars, these businesses form the infrastructure of global migration, a force remaking economics, politics and cultures across the world. Last year migrants from poor countries sent home $300 billion, nearly three times the world’s foreign aid budgets combined. Powered by ScribeFire.