Mexican Remittances Increase Little
Though this article is short I thought that it highlighted an interesting fact. It states that the billions of dollars sent back to Mexico from immigrants in America is one of the countries largest sources of income. This revenue is used to build factories and other job sources in Mexico but has been cut because of the minimal rise in remittances due to the cutting of hiring by American employers by unregistered immigrants.
I just thought that it was interesting that the Mexican economy relies heavily on immigration to America and was is sent back. It shows a meager effort on the part of Mexico to build its own homeland sources of revenue.
This article does tie into the class because it shows the huge support supplied to families in Mexico supplied from America by the different generations of relatives.
4 comments:
I agree with that it is crazy that Mexico does not really do anything to try to keep their people at home. Instead a lot of their economy is from money being brought back to Mexico from people over in the United States. You think that Mexico would want to become self-sufficient instead of relying so heavily on Immigrants and their remittances. It goes to show that when looking at immigration you need to look at the Mexican government as not trying to help its own people just as America is trying to their back on the same people.
Yeah, I also agree with the two of you. It is obvious that people are the most important part to a country and government in terms of being able to create a stable economy. There is no way that Mexico will ever move out of third world status if they do not do something to increase a means for generating stronger revenue.
This is really interesting because it makes perfect sense that if Mexico had a strong economy and was a nice place to live then people would not want to immigrate to the U.S. Although its easier said then done, its seems like one solution to illegal immigration would be to help Mexico become stronger economically. Unfortunately that is not going to happen with NAFTA and other American policies towards international trade.
Blaming the Mexican government is correct, but what about NAFTA's role and U.S. corporations that control Mexico's economy. WALMART is the largest employer in Mexico. How is Mexico supposed to develop its own economy when WALMART sends its profits back to its Tennessee headquarters?
Both economies are entertwined.
I suggest we look to the European Union for solutions to the immigration problems. Before Spain was admitted to the EU all the EU countries were afraid of immigration from Spain so they helped the country raise its wages and develop its infrastructure, transportation etc.. and guess what happened there was a reverse migration, Spaniards returned to their country.
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