Remittances

The purpose of Dambisa Moyo’s “Dead Aid” is to demonstrate that aid, particularly Western aid, is the root cause of Africa’s failing economy and development. Advocating against aid, she posits that it has led to a culture of aid-dependency for Africans, much like an “addiction” (37). “The more it infiltrates, the more it erodes, the greater the culture of aid-dependency”, she proclaims (37). For the majority of developing regions worldwide, Moyo believes aid has been a complete disaster (xix). Although

significance in that it can alert the auditor to any falsification of sales for the year. Fictitious sales could easily be created by Lakeside since they prepare all sales invoices and other documents internally. 2-B Each credit should agree with the cash remittance list as to amount and possibly date of payment depending upon the method of posting. This tracing could denote errors in postings within the system. Errors could indicate lapping by company employees. 2-C Each credit to a specific account should

Introduction As we have seen in the Solow Model, the savings rate of a country is an important determinant of country’s long-term growth. The spending and the saving habits of the people over-time contribute to the country’s savings rate. In a macro-economic sense, the savings rate is the percent of present income invested for future production as: ∆k= τy-δk where, τ is the savings rate. In the Solow model, the savings rate positively influences the change in the capital (k). Franco Modigliani

ODA received by developing countries from 1990 to mid-1990 is fluctuating then continued to fall until 2000. From year 2000 onwards, there is a steady increase of ODA received by the low-income countries. Compared with FDI and Net ODA, personal remittances has a steady upward trend (shown in Figure 3), noting a huge increase in 2008 of US$4.5 billion from US$15.2 billion in 2007. With the

The recent global financial turmoil started on July 2007 ,mainly in the USA and spread among developed nations in the later part of 2008 and subsequently shifted to the developing nations .this crisis consisted of some prime drawbacks not only for the developed countries but also for developing countries .the most talked about issue in the recent financial arena in the global financial crisis ,which started to show its effect in the middle of the year 2007.the turmoil ,however ,was rooted in the

IMMIGRATION BENEFITS SOCIETY Since the Human evolution, people have migrated from one place to another new place in search of food and better shelter. The reason of migration has changed since decades, the purpose of migration nowadays is to have better lifestyle, education, explore world, business opportunities and to have safe place to live. As for the definition of the key concepts there are various interpretations for migration. However, for the purpose this essay, immigration is a phenomenon

INTRODUCTION The foreign exchange market is a worldwide decentralized over-the-counter financial market for the trading of currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies. (wiki.org) The exchange rate is the price of a unit of foreign currency in terms of the domestic currency

Table below shows the distribution of the households covered by the RSS by their respective districts, Upazilla, Union and villages. RSS enlisted in total 3035 households in all 6 districts – of which 2132 were migrant families, and 903 non-migrants. The goal was to cover at least 300 migrant and 150 non-migrants households from each of the selected districts. Table Geographic Location of Households covered by Rapid Screening Survey (RSS) District Upazila Union Village Number migrant households

the services it provides, including the facility to deposit and withdraw money, the ability to pay bills and the options it provides for remittance. Nearly 10 years after its initial launch,

quantity on the bill of lading. If initials are missing this shows a weakness in these controls. If signatures are there but the quantities are still wrong, this could be a control error or fraud. 1-c The actual cash received, according to the remittance list, should match the invoices. Customer/employee initials next to amount of payment on the invoice would be a good control procedure. This process should also account for any potential discounts given/taken. The potential problem with this scenario