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In 2013, Were Remittances from Emigrant Labor from Developing Countries

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Short Answer

In 2013, were remittances from emigrant labor from developing countries more or less important than official foreign aid to these countries?

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Definitions:

Asset Account

Accounts on a balance sheet that represent the resources owned by a company, which are expected to provide future economic benefits.

Liabilities

Financial obligations of a business, including debts and other amounts owed to creditors.

Accounts Receivable

An asset account on the balance sheet that represents money owed to a company by customers for goods or services that have been delivered or used but not yet paid for.

Accounts Payable

Liabilities to creditors that are to be paid within a short period of time, typically within one year.

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