Expat exodus?

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Expat exodus?

Postby alan » Tue Dec 22, 2020 9:55 am

The Economist Magazine published an interesting article this week regarding the exit of expats from Asia. There are likely parallels with LATAM, since a lot of the drivers seem to be the same.

https://www.economist.com/asia/2020/12/ ... aving-asia

If this is true, it doesn't bode well for either side of the equation.

That is a loss for both their home and host countries. People moving from the developed world to emerging markets make up a tiny portion of the world’s 270m international migrants. But they play an outsized role in the global economy, bringing new ideas and cosmopolitan connections wherever they go. A study in Canada found that a 10% increase in migrants from a given country is associated with a 1% increase in exports to that country and a 3% increase in imports from it. There is no reason why migration to developing economies should not produce similar benefits, says Amanda Klekowski von Koppenfels of the University of Kent. “We rarely think of the global North as a region that gains from emigration but it absolutely does,” she says. “This is a small but powerful movement.”

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