full transcript
From the Ted Talk by Dilip Ratha: The hidden force in global economics sending money home
Unscramble the Blue Letters
Those sums of moeny are called remittances. Here is a fact that might ssiurpre you: 413 billion dollars, 413 billion dralols was the amount of remittances sent last year by migrants to developing countries. Migrants from developing countries, money sent to developing countries — 413 billion dollars. That's a remarkable number because that is three times the size of the total of dvoleenpmet aid money. And yet, you and I, my colleagues in woinathgsn, we endlessly debate and discuss about development aid, while we ignore remittances as small change.
True, people send 200 dollars per month, on average. But, repeated month after month, by millions of pploee, these sums of money add up to rvreis of foreign currency. So India, last year, received 72 billion dollars, larger than its IT exports. In Egypt remittances are three times the size of rveeneus from the Suez caanl. In Tajikistan, remittances are 42 prceent of GDP. And in poorer countries, smaller countries, fragile countries, conflict-afflicted countries, remittances are a lifeline, as in Somalia or in htiai.
Open Cloze
Those sums of _____ are called remittances. Here is a fact that might ________ you: 413 billion dollars, 413 billion _______ was the amount of remittances sent last year by migrants to developing countries. Migrants from developing countries, money sent to developing countries — 413 billion dollars. That's a remarkable number because that is three times the size of the total of ___________ aid money. And yet, you and I, my colleagues in __________, we endlessly debate and discuss about development aid, while we ignore remittances as small change.
True, people send 200 dollars per month, on average. But, repeated month after month, by millions of ______, these sums of money add up to ______ of foreign currency. So India, last year, received 72 billion dollars, larger than its IT exports. In Egypt remittances are three times the size of ________ from the Suez _____. In Tajikistan, remittances are 42 _______ of GDP. And in poorer countries, smaller countries, fragile countries, conflict-afflicted countries, remittances are a lifeline, as in Somalia or in _____.
Solution
- people
- percent
- washington
- revenues
- canal
- development
- money
- dollars
- haiti
- rivers
- surprise
Original Text
Those sums of money are called remittances. Here is a fact that might surprise you: 413 billion dollars, 413 billion dollars was the amount of remittances sent last year by migrants to developing countries. Migrants from developing countries, money sent to developing countries — 413 billion dollars. That's a remarkable number because that is three times the size of the total of development aid money. And yet, you and I, my colleagues in Washington, we endlessly debate and discuss about development aid, while we ignore remittances as small change.
True, people send 200 dollars per month, on average. But, repeated month after month, by millions of people, these sums of money add up to rivers of foreign currency. So India, last year, received 72 billion dollars, larger than its IT exports. In Egypt remittances are three times the size of revenues from the Suez Canal. In Tajikistan, remittances are 42 percent of GDP. And in poorer countries, smaller countries, fragile countries, conflict-afflicted countries, remittances are a lifeline, as in Somalia or in Haiti.
Frequently Occurring Word Combinations
ngrams of length 2
| collocation |
frequency |
| send money |
14 |
| money home |
9 |
| sending money |
9 |
| billion dollars |
5 |
| poor people |
5 |
| money transfer |
5 |
| migrants send |
4 |
| developing countries |
3 |
| transfer companies |
3 |
| post office |
3 |
| united states |
2 |
| development aid |
2 |
| receive remittances |
2 |
| side receives |
2 |
| blanket ban |
2 |
| fixed cost |
2 |
| money service |
2 |
| money laundering |
2 |
| exclusive partnerships |
2 |
| small remittances |
2 |
| remittance platform |
2 |
| aid budget |
2 |
| remittance channels |
2 |
| migrant workers |
2 |
| bangladeshi construction |
2 |
| construction worker |
2 |
| recruitment fees |
2 |
| diaspora giving |
2 |
| percent interest |
2 |
| stay engaged |
2 |
ngrams of length 3
| collocation |
frequency |
| send money home |
6 |
| money transfer companies |
3 |
| migrants send money |
2 |
| sending money home |
2 |
Important Words
- add
- aid
- amount
- average
- billion
- called
- canal
- change
- colleagues
- countries
- currency
- debate
- developing
- development
- discuss
- dollars
- egypt
- endlessly
- exports
- fact
- foreign
- fragile
- gdp
- haiti
- ignore
- india
- larger
- lifeline
- migrants
- millions
- money
- month
- number
- people
- percent
- poorer
- received
- remarkable
- remittances
- repeated
- revenues
- rivers
- send
- size
- small
- smaller
- somalia
- suez
- sums
- surprise
- tajikistan
- times
- total
- true
- washington
- year