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Home arrow Browse Archive arrow Finance arrow Latin American Remittance Market: “El Dorado is in Los Angeles” - May 2002
Latin American Remittance Market: “El Dorado is in Los Angeles” - May 2002
 Financial Services
 
Author: Jan Smith Ramos
 

Every hour of every day, more than US $2.5 million worth of a certain product is silently transported across the Rio Grande. The product is usually in the customer’s hands within 24 hours and the commissions charged for transporting it add up to another $350,000 per hour. Until this product began to create substantial impacts across the Americas, few governments paid much attention to it

 
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