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 moneys that are sent internationally by immigrants. People move internationally to *** Crash Course is on Patreon! You can support us directly by signing up at Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks --