FNS News: For the first time in 15 years, dollars sent home by Mexicans working in the United States have surpassed the value of Mexico’s oil exports. According to the central Bank of Mexico, the flow of migrant remittances from the U.S. reached $14.3 billion from January to July of this year. In contrast, money earned from oil exports came to about $12.2 billion during the same time period, according to the Pemex national oil company.
Alfredo Salgado Torres and Juan Jose Li Ng, analysts for the BBVA-Bancomer bank, attributed a spike in remittances to better conditions in the U.S. economy, exemplified by improved employment in states with large immigrant populations like Texas and California, as well as the ongoing peso devaluation that provides greater incentives for migrants to send money to their loved ones back home.
The MexicoBlog of the CIP Americas Program monitors and analyzes international press on Mexico with a focus on the US-backed War on Drugs in Mexico and the struggle in Mexico to strengthen the rule of law, justice and protection of human rights. Relevant political developments in both countries are also covered.
Showing posts with label immigration economics. Show all posts
Showing posts with label immigration economics. Show all posts
Jan 11, 2013
Mexican Diplomatic Continuity with NAFTA Partners
FSN News: Special Report
January 10, 2013
With little opposition, the Mexican Senate ratified this week the nomination of Eduardo Medina Mora as Mexico’s new ambassador to the United States. In a presentation to the Senate’s foreign affairs commission broadcast on the Congress Channel, Medina sketched out his views on the parameters, problems and promises of the Mexico-U.S. relationship. A longtime mover and shaker on Mexico´s political scene, Medina touched on immigration, the North American Free Trade Agreement (NAFTA), migrant remittances, arms trafficking and drug legalization. Notably, he did not speak about outstanding environmental issues between Mexico and the U.S. per se.
“Few problems are as complex in the relations with the U.S. as this one,” Medina said of the immigration question.
According to the lawyer by profession, Mexican diplomats will have to keep careful tabs not only the progress of immigration reform in Washington, but ongoing initiatives at the state level as well. He said cross-border collaborations were needed to improve the repatriation process of Mexican nationals, especially women and children. In a long-range analysis of migration trends, Medina predicted relatively less of his countrymen (and women) will relocate to the U.S. in the future due to a drop in fertility rates among Mexican women and the looming end of Mexico´s demographic bonus of a young, plentiful labor force. In Medina´s estimation, however, the U.S. will still need to continue “importing people to keep growing.”
January 10, 2013
With little opposition, the Mexican Senate ratified this week the nomination of Eduardo Medina Mora as Mexico’s new ambassador to the United States. In a presentation to the Senate’s foreign affairs commission broadcast on the Congress Channel, Medina sketched out his views on the parameters, problems and promises of the Mexico-U.S. relationship. A longtime mover and shaker on Mexico´s political scene, Medina touched on immigration, the North American Free Trade Agreement (NAFTA), migrant remittances, arms trafficking and drug legalization. Notably, he did not speak about outstanding environmental issues between Mexico and the U.S. per se.
“Few problems are as complex in the relations with the U.S. as this one,” Medina said of the immigration question.
According to the lawyer by profession, Mexican diplomats will have to keep careful tabs not only the progress of immigration reform in Washington, but ongoing initiatives at the state level as well. He said cross-border collaborations were needed to improve the repatriation process of Mexican nationals, especially women and children. In a long-range analysis of migration trends, Medina predicted relatively less of his countrymen (and women) will relocate to the U.S. in the future due to a drop in fertility rates among Mexican women and the looming end of Mexico´s demographic bonus of a young, plentiful labor force. In Medina´s estimation, however, the U.S. will still need to continue “importing people to keep growing.”
Nov 20, 2012
Navarrette: Mexico's own immigration debate
By Ruben Navarrette Posted November 17
Ventura Country Star
MEXICO CITY — If you think the debate over immigration from Mexico into the United States is complicated, just take a trip south of the border and look at it from that side.
Complicated isn't the half of it. The immigration debate is also dishonest and hypocritical and filled with people who would rather pursue their own interests than solve the problem. And it all revolves around a broken system that stays broken because important and powerful interests want it that way.
This is true in both countries. Mexico is just as reluctant as the United States to confront the larger issue of migration — both of its own people north to the United States and along its own southern border, where Central and South Americans want to get into a country that many natives are desperate to flee.
Nor does the Mexican elite want to swallow its pride and admit that the real engine behind the Mexican economy isn't people like them but Mexicans who don't even live in Mexico anymore — immigrant workers in the United States.
In Mexico City, politicians, journalists and intellectuals are eager to avoid the issue altogether. They point out that migration to the United States from Mexico has slowed to a trickle. With a U.S. economy that is sluggish and a Mexican one that is bouncing back, many would-be migrants find that going north isn't worth the trouble. Read more.
Ventura Country Star
MEXICO CITY — If you think the debate over immigration from Mexico into the United States is complicated, just take a trip south of the border and look at it from that side.
Complicated isn't the half of it. The immigration debate is also dishonest and hypocritical and filled with people who would rather pursue their own interests than solve the problem. And it all revolves around a broken system that stays broken because important and powerful interests want it that way.
This is true in both countries. Mexico is just as reluctant as the United States to confront the larger issue of migration — both of its own people north to the United States and along its own southern border, where Central and South Americans want to get into a country that many natives are desperate to flee.
Nor does the Mexican elite want to swallow its pride and admit that the real engine behind the Mexican economy isn't people like them but Mexicans who don't even live in Mexico anymore — immigrant workers in the United States.
In Mexico City, politicians, journalists and intellectuals are eager to avoid the issue altogether. They point out that migration to the United States from Mexico has slowed to a trickle. With a U.S. economy that is sluggish and a Mexican one that is bouncing back, many would-be migrants find that going north isn't worth the trouble. Read more.
Jul 25, 2012
Returning migrants boost Mexico’s middle class
Washington Post: Santa Maria del Refugio, Mexico - For a generation, the men of this town have headed north to the land of the mighty dollar, breaking U.S. immigration laws to dig swimming pools in Memphis and grind meat in Chicago.
In the United States, they were illegal aliens. Back home, they are new entrepreneurs using the billions of dollars earned “on the other side” to create a Mexican middle class. Read more.
In the United States, they were illegal aliens. Back home, they are new entrepreneurs using the billions of dollars earned “on the other side” to create a Mexican middle class. Read more.
Jan 15, 2012
Migration: A Product of Free Market Reforms
CIP Americas: "Editor’s Note: This is the first installment of a three-part series on migrant rights by journalist and immigration activist David Bacon. This article is taken from the report “Displaced, Unequal and Criminalized – Fighting for the Rights of Migrants in the United States” that examines the origins of the current migratory labor phenomenon, the mechanisms that maintain it, and proposals for a more equitable system. The Americas Program is proud to publish this series in collaboration with the author.
A political alliance is developing between countries with a labor export policy and the corporations who use that labor in the global north. Many countries sending migrants to the developed world depend on remittances to finance social services and keep the lid on social discontent over poverty and joblessness, while continuing to make huge debt payments. Corporations using that displaced labor share a growing interest with those countries’ governments in regulating the system that supplies it." read more
A political alliance is developing between countries with a labor export policy and the corporations who use that labor in the global north. Many countries sending migrants to the developed world depend on remittances to finance social services and keep the lid on social discontent over poverty and joblessness, while continuing to make huge debt payments. Corporations using that displaced labor share a growing interest with those countries’ governments in regulating the system that supplies it." read more
Jan 12, 2012
Immigration Economics: Remittances to Mexico are rebounding
chicagotribune.com: "Ending a three-year slump, remittances to Mexico are finally on the upswing, thanks to an improving U.S. job market.
Analysts expect that money sent home last year by Mexicans living abroad, most of them residing in the United States, will top $23 billion when Mexico's central bank releases annual figures this month. Although still below the peak of $26 billion in 2007, that would be a solid 8 percent increase over 2010." read more
Analysts expect that money sent home last year by Mexicans living abroad, most of them residing in the United States, will top $23 billion when Mexico's central bank releases annual figures this month. Although still below the peak of $26 billion in 2007, that would be a solid 8 percent increase over 2010." read more
Sep 11, 2011
Globalization: 18,600 jobs offshored by corporations backing job-offshoring trade deals
Eyes on Trade: "The heads of 32 corporations placed an "open letter" in yesterday's National Journal Daily (subscription only) calling for congressional passage of the NAFTA-style trade deals with Korea, Colombia, and Panama.
While these CEOs claimed that jobs would be created by these deals, these claims are belied by the government’s own official studies (which predict an increase in the U.S. trade deficit as a result), by independent economists (who project the net loss of hundreds of thousands of jobs), and the historical record of similar trade agreements (which show slower export growth to countries we have NAFTA-style deals with than with other countries)."
While these CEOs claimed that jobs would be created by these deals, these claims are belied by the government’s own official studies (which predict an increase in the U.S. trade deficit as a result), by independent economists (who project the net loss of hundreds of thousands of jobs), and the historical record of similar trade agreements (which show slower export growth to countries we have NAFTA-style deals with than with other countries)."
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