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 ___________.

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

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