Asked by Caroline Bachus on May 01, 2024

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Remittances by Mexican workers in the United States to their families in Mexico tend to reduce the gains from immigration to the United States and increase it for Mexico.

Remittances

Remittances are funds transferred by foreign workers to their home countries, serving as a vital source of income for families and economies in many developing countries.

Gains From Immigration

The economic or social benefits that accrue to a country as a result of immigration, including increased labor force and cultural diversity.

  • Recognize the financial implications and advantages linked to immigration, incorporating the idea of marginal advantage and the significance of remittances.
  • Appreciate the complexities of economic migration, including the role of remittances and the potential for economic gain for immigrants.
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Verified Answer

IM
Isaac MillerMay 03, 2024
Final Answer :
True
Explanation :
Remittances sent by Mexican workers in the United States to their families in Mexico represent a financial transfer from the US to Mexico, effectively redistributing some of the economic benefits of immigration from the US to Mexico. This can reduce the net gains from immigration for the US economy while increasing the financial benefits for Mexico through the inflow of foreign currency, supporting families, and potentially stimulating economic activity in Mexico.