Foreign Aid and Remittance: Crash Course Economics #34

What is foreign aid? How much foreign aid does the United States distribute each year? Comparatively, not much. In fact, foreign aid only accounts for a small fraction of most nations’ overall spending. But it’s hugely important. Foreign aid improves healthcare, can promote economic growth and assists people who’ve been through disasters. Remittances are sums of money that are sent internationally by immigrants. People move internationally to