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

Unscramble the Blue Letters

So, what can international organizations and social entrepreneurs do to reduce the cost of sending money home? First, relax regulations on smlal remittances under 1,000 dollars. Governments should recognize that small remittances are not money laundering. Second, governments should abolish eclixvsue partnerships between their post office and the money transfer company. For that matter, between the post office and any nnotaial bikanng system that has a large network that serves the poor. In fact, they should promote competition, open up the partnership so that we will bring down cstos like we did, like they did, in the telecommunications iudnstry. You have seen what has happened there. Third, lagre nonprofit prohpliaihntc orngianatozis should create a remittance platform on a npinrofot basis. They should create a nonprofit remittance platform to serve the money transfer companies so that they can send money at a low cost, while complying with all the celopmx regulations all over the world.

Open Cloze

So, what can international organizations and social entrepreneurs do to reduce the cost of sending money home? First, relax regulations on _____ remittances under 1,000 dollars. Governments should recognize that small remittances are not money laundering. Second, governments should abolish _________ partnerships between their post office and the money transfer company. For that matter, between the post office and any ________ _______ system that has a large network that serves the poor. In fact, they should promote competition, open up the partnership so that we will bring down _____ like we did, like they did, in the telecommunications ________. You have seen what has happened there. Third, _____ nonprofit _____________ _____________ should create a remittance platform on a _________ basis. They should create a nonprofit remittance platform to serve the money transfer companies so that they can send money at a low cost, while complying with all the _______ regulations all over the world.

Solution

  1. nonprofit
  2. national
  3. large
  4. banking
  5. exclusive
  6. philanthropic
  7. organizations
  8. costs
  9. industry
  10. complex
  11. small

Original Text

So, what can international organizations and social entrepreneurs do to reduce the cost of sending money home? First, relax regulations on small remittances under 1,000 dollars. Governments should recognize that small remittances are not money laundering. Second, governments should abolish exclusive partnerships between their post office and the money transfer company. For that matter, between the post office and any national banking system that has a large network that serves the poor. In fact, they should promote competition, open up the partnership so that we will bring down costs like we did, like they did, in the telecommunications industry. You have seen what has happened there. Third, large nonprofit philanthropic organizations should create a remittance platform on a nonprofit basis. They should create a nonprofit remittance platform to serve the money transfer companies so that they can send money at a low cost, while complying with all the complex regulations all over the world.

ngrams of length 2

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

ngrams of length 3

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

Important Words

  1. abolish
  2. banking
  3. basis
  4. bring
  5. companies
  6. company
  7. competition
  8. complex
  9. complying
  10. cost
  11. costs
  12. create
  13. dollars
  14. entrepreneurs
  15. exclusive
  16. fact
  17. governments
  18. happened
  19. home
  20. industry
  21. international
  22. large
  23. laundering
  24. matter
  25. money
  26. national
  27. network
  28. nonprofit
  29. office
  30. open
  31. organizations
  32. partnership
  33. partnerships
  34. philanthropic
  35. platform
  36. poor
  37. post
  38. promote
  39. recognize
  40. reduce
  41. regulations
  42. relax
  43. remittance
  44. remittances
  45. send
  46. sending
  47. serve
  48. serves
  49. small
  50. social
  51. system
  52. telecommunications
  53. transfer
  54. world