Mexicans abroad are sending less money home to their families as a result of the global financial downturn and rising unemployment levels.
These remittances are the country’s second largest source of foreign currency — after oil sales- - and their rapid decline has hit the Mexican economy particularly hard.
Remittances dropped 16 percent in 2009, and it is Mexico’s poor who are most affected by the slowdown.
For more, Daljit Dhaliwal interviews Rodolfo de la Garza, a professor at Columbia University and expert on Mexican immigration issues.
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03/20/2010 :: 07:40:00 PM
rodrigo Says:
I disagree with Karl, never forget that US taxpayers don´t finance anything, mexicans workers work very hard for very unfair wages.
They do the jobs american don´t want to do it and in most cases they pay their taxes so I think they contribute a lot to the US economy.
I think I don´t have to remind you that Britain became a rich contry not because they worked a lot, they did it because they were a pirates and had colonies.
Sorry Kerry but I´m part of the 16% of the mexican work force who still reside in Mexico and I can tell you that my standard of living as an architect here is much better than most of the americans have in the US.