The largest source of capital for Latin America is the money that immigrant workers send home. (Please expand on this with data/ examples)
The largest source of capital to
Latina America is the factor income coming from abroad by their
immigrant workers. It can be understood by the case that when
remittance of capital to all the countries were decreasing, at that
time, factor income coming to the Latin America has been
increasing. For example, it was 7.4% in 2016 to the Latin America,
where the other areas such as Asia-pacific region, North America,
Africa and Middle-east were facing the negative growth to
remittance coming to their region. In that year, $574 Billion
Remittance took place and out of that, over $74 Billion went to the
Latin America. So, it is said that largest source of capital to
Latina America is the factor income coming from abroad.
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