In 2009 remittances to countries south of the United States will be 11% less than last year, as estimated by the Inter-American Development Bank’s Multilateral Investment Fund. James Meyer, one of the founding partners of the Miami, Florida law firm Harper Meyer Perez Hagen O’Connor & Albert LLP and who represents clients in Latin America and the Caribbean, believes the decline in remittances may result in less purchasing power for U.S. imports. A drop in remittances can also affect a country’s stock of foreign exchange and investment in financial infrastructure. For the full article, please go to: http://www.dailybusinessreview.com/index.html