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Msg  13581 of 14805  at  6/19/2019 6:55:07 PM  by

easygoodpics


 In response to msg 13580 by  easygoodpics
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Re: c/s tcth

Mark Levn
 
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Sprawlie says:

https://www.bloomberg.com/news/articles/2019-06-19/migrant-crisis-at-border-how-central-america-encourages-exodus?srnd=new-economy-forum

It’s an odd thing, almost improbable sounding. And it reveals a surprising truth about these countries: They all have rock-solid fiscal accounts.

How’s that possible in such destitute places? Because, it turns out, they earmark precious little money to basic social programs. Not only does this save them cash, allowing them to hold down their budget deficits, but it has the effect of encouraging the poor — those who would benefit the most from greater outlays for healthcare or housing — to emigrate.

This in turn has an added advantage for these nations: The migrants send growing quantities of dollars to their families back home, generating a steady flow of hard currency that is a central pillar of their economies. (For some perspective, their value is roughly 30 times greater than the aid money that a frustrated Trump pulled from the countries this week.)

When all of these elements are stitched together and viewed holistically, it can appear as if the economic model these governments have adopted is one based on exporting people.

 


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Msg # Subject Author Recs Date Posted
13582 Re: c/s tcth easygoodpics 0 6/19/2019 6:56:31 PM


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