Wednesday , April 24 2024
Home / Mike Norman Economics / Zero Hedge — “Migration Is Part Of The Model”: The Real Roots Of Central America’s Migrant Crisis

Zero Hedge — “Migration Is Part Of The Model”: The Real Roots Of Central America’s Migrant Crisis

Summary:
...there's a good reason. And it's that the corrupt leaders of these countries don't want to upset the apple cart that allows the system of widespread corruption and graft to flourish. Perhaps inadvertently, the region has developed a system that encourages the poorest members of the population to emigrate by offering inadequate social services and almost no opportunities for advancement. That system is reinforced by the role that the growing remittance payments sent by illegal migrant workers in the US send back to their families. The payments represent a reliable flow of dollars that serves to underpin the financial systems of Guatemala, Honduras and El Salvador. That sum is larger more than 30 times greater than the annual aid payments President Trump just scrapped.... The other

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

run75441 writes Growth in Population, Immigration, and Migration

Mike Kimel writes UN Data on International Migration

Frances Coppola writes Squaring the circle on immigration

Frances Coppola writes In the bleak midwinter

...there's a good reason. And it's that the corrupt leaders of these countries don't want to upset the apple cart that allows the system of widespread corruption and graft to flourish.
Perhaps inadvertently, the region has developed a system that encourages the poorest members of the population to emigrate by offering inadequate social services and almost no opportunities for advancement. That system is reinforced by the role that the growing remittance payments sent by illegal migrant workers in the US send back to their families.
The payments represent a reliable flow of dollars that serves to underpin the financial systems of Guatemala, Honduras and El Salvador. That sum is larger more than 30 times greater than the annual aid payments President Trump just scrapped....
The other piece of the model was that migrating workers provided low-cost labor for American business.  Trump upset that to some extent by his immigration policy, but poor domestic conditions are still resulting in desperate workers migrating North.

Zero Hedge
"Migration Is Part Of The Model": The Real Roots Of Central America's Migrant Crisis
Tyler Durden

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *