full transcript
From the Ted Talk "Dilip Ratha: The hidden force in global economics"

Unscramble the Blue Letters

Much as these flows do all that good, there are rersbrai to these flows of remittances, these 400 ibillno dollars of remittances. Foremost among them is the exorbitant cost of sending money home. Money transfer companies structure their fees to mikl the poor. They will say, "Up to 500 olrdlsa if you want to send, we will charge you 30 dollars fixed." If you are poor and if you have only 200 dollars to send, you have to pay that $30 fee. The global average cost of sending money is eight percent. That means you ends 100 dollars, the faylmi on the other side receives only 92 dollars. To send ymeno to ifaacr, the cost is even higher: 12 percent. To send money within Africa, the cost is even higher: over 20 percent. For example, sending money from Benin to Nigeria. And then there is the case of Venezuela, where, because of exchange controls, you send 100 dollars and you are lucky if the family on the other side receives even 10 dollars. Of course, nobody sends money to Venezuela through the fiaofilc ennhcal. It all goes in suitcases. Whereever costs are high, money goes unrndedurgo.

Open Cloze

Much as these flows do all that good, there are ________ to these flows of remittances, these 400 _______ dollars of remittances. Foremost among them is the exorbitant cost of sending money home. Money transfer companies structure their fees to ____ the poor. They will say, "Up to 500 _______ if you want to send, we will charge you 30 dollars fixed." If you are poor and if you have only 200 dollars to send, you have to pay that $30 fee. The global average cost of sending money is eight percent. That means you ____ 100 dollars, the ______ on the other side receives only 92 dollars. To send _____ to ______, the cost is even higher: 12 percent. To send money within Africa, the cost is even higher: over 20 percent. For example, sending money from Benin to Nigeria. And then there is the case of Venezuela, where, because of exchange controls, you send 100 dollars and you are lucky if the family on the other side receives even 10 dollars. Of course, nobody sends money to Venezuela through the ________ _______. It all goes in suitcases. Whereever costs are high, money goes ___________.

Solution

  1. billion
  2. family
  3. money
  4. dollars
  5. official
  6. africa
  7. send
  8. barriers
  9. underground
  10. milk
  11. channel

Original Text

Much as these flows do all that good, there are barriers to these flows of remittances, these 400 billion dollars of remittances. Foremost among them is the exorbitant cost of sending money home. Money transfer companies structure their fees to milk the poor. They will say, "Up to 500 dollars if you want to send, we will charge you 30 dollars fixed." If you are poor and if you have only 200 dollars to send, you have to pay that $30 fee. The global average cost of sending money is eight percent. That means you send 100 dollars, the family on the other side receives only 92 dollars. To send money to Africa, the cost is even higher: 12 percent. To send money within Africa, the cost is even higher: over 20 percent. For example, sending money from Benin to Nigeria. And then there is the case of Venezuela, where, because of exchange controls, you send 100 dollars and you are lucky if the family on the other side receives even 10 dollars. Of course, nobody sends money to Venezuela through the official channel. It all goes in suitcases. Whereever costs are high, money goes underground.

ngrams of length 2

collocation frequency
send money 16
money home 12
sending money 9
billion dollars 8
poor people 5
money transfer 5
migrants send 4
developing countries 4
transfer companies 3
recruitment fees 3
post office 3
money laundering 3
development aid 3

ngrams of length 3

collocation frequency
send money home 7
sending money home 4
money transfer companies 3

Important Words

  1. africa
  2. average
  3. barriers
  4. benin
  5. billion
  6. case
  7. channel
  8. charge
  9. companies
  10. controls
  11. cost
  12. costs
  13. dollars
  14. exchange
  15. exorbitant
  16. family
  17. fee
  18. fees
  19. fixed
  20. flows
  21. foremost
  22. global
  23. good
  24. high
  25. home
  26. lucky
  27. means
  28. milk
  29. money
  30. nigeria
  31. official
  32. pay
  33. percent
  34. poor
  35. receives
  36. remittances
  37. send
  38. sending
  39. sends
  40. side
  41. structure
  42. suitcases
  43. transfer
  44. underground
  45. venezuela
  46. whereever