Mexicans abroad are sending less money home to their families as a result of the global financial downturn and rising unemployment levels. These remittances are the country's second largest source of foreign currency -- after oil sales. Their rapid decline has hit the Mexican economy particularly hard. For more, Daljit Dhaliwal interviews Rodolfo de la Garza.
All Posts Tagged With: "remittances"
Interview
February 16, 2010
Mexican economy hard hit by drop in U.S. remittances
Perspectives
March 13, 2009
U.S. dependency grows as El Salvador heads to the polls
As El Salvador prepares for its presidential election on Sunday, debate is swirling over whether the country will make a left turn and elect Mauricio Funes of the Farabundo Martà National Liberation Front (FMLN). A Worldfocus contributing blogger writes about U.S. influence on the election.
In the Newsroom
October 20, 2008
As migrant money drops, Mexican villages worry
Producer Rebecca Haggerty reports from two Mexican hillside villages about the local effects of the U.S. economy's downturn.
Signature Video
October 20, 2008
U.S. money to Mexico slows
Money flowing from the U.S. to Mexico has dropped to its lowest level in 13 years, impacting local economies.
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