Monday, August 14, 2006

Mexico Immigration: Why Mexico must export its people

Here are some of the latest reasons why Mexico must export its people to the United States, legally or otherwise:

The Oaxacan Institute for Migrant Services (IOAM) announced that, through June, the amount of money that has been sent back from the United States to the state of Oaxaca is $585 million USD, an increase of 23 percent over last year. The IOAM says that this places the state of Oaxaca in eighth place nationally. The top three states in receipt of remissions from the United States are Michoacan, Jalisco and Guanajuato. The total remissions received in the country, through June, were $11.425 billion USD, an overall increase of 18 percent.

These remissions, or cash sent back home by immigrants living in the United States, represent the second most important source of foreign funds arriving in Mexico. Oil exports are number one, direct foreign investment is number three and tourism is number four.

The IOAM says that the lion's share of this money is used for living expenses by family members still stuck in Mexico. A much lesser pecentage is used to acquire homes and an even smaller percentage, one that fluctuates between only 2 and 8 percent, is directly invested in business here. The IOAM said that it is seeking ways to help divert more of that incoming cash into direct investment so that people don't depend so much on the remissions for their living expenses.

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