Immigrant Cash Flow

The Effect of Immigration

Many third world countries have a powerful asset that they export; human beings. In many impoverished countries many of the locals immigrate to wealthier countries where they work hard and send some of their earnings back home. Since wealthier countries provide higher paying salaries the sums sent by the immigrants back to their home countries are considered very significant. Thanks to this growing trend of immigrant workers, the accumulation of these sums being sent abroad is truly staggering. Thanks to various attempts at tracking cash flow abroad for the purpose of fighting terror these sums have been tracked. Recent analysis has placed the total sums being transferred a year to be somewhere in the area of several hundred billion dollars. If such a sum were to be translated into an international business it would place the immigrants as the company with the third biggest international revenue.

Is it a Good Thing?

Is this a good thing? Depends who you ask! Obviously the immigrants who travel to foreign countries and work hard for their families feel they are doing the right thing. The families that they support in their impoverished homelands don't see anything wrong with the money they are receiving. Even so, there are those who think that this is a problem. I will discuss the opinions of those who object in my next blog. If this issue is of interest please read the next blog and see why some people object and what I have to say on the matter.