Indus
Lifer
- May 11, 2002
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It is a fact that if you have a large (and ongoing, i.e. a constant coming-and-going) influx of migrant workers, sending their earnings home, or taking them home with them, it will have a negative effect on your economy, by taking wealth out of it.
I don't know what one does about that. Solely having liberal migration rules isn't enough, though, there needs to be some sort of transnational arrangement to ameliorate the problem. Brings me back to my reservations about the EU - it seems to be stuck in a problematic kind of half-way-house, neither one thing nor the other.
Whole heartedly agree with that.
Like I was in the Philippines and like 70% of their income is from overseas workers who send money back home.. otherwise it's a very poor country.
India is a bit smart about it.. they really prioritize domestic manufacturing and place very high tariffs on luxury goods from overseas.
Maybe that's the way.. I don't know.. I do know I liked Biden bringing back domestic manufacturing!