LA External Migration and Sovereign Debt: The Case of Mexico
Abstract
The objective of this research is to analyze the relationship between the migratory phenomenon of Mexicans to the United States of America and Mexico’s public over-indebtedness. To achieve this goal, the first section addresses fundamental theoretical considerations on external migration; next, the phenomenon of international migration is examined, emphasizing the specific case of Mexico. In the second section, bearing in mind its link with external migration, public debt and interest payments are analyzed; the structure of Mexican public finances is rigorously examined to understand how public resources are generated and distributed; which will make it possible to identify the real financial constraints faced by the Mexican State, as well as to find an explanation for its inability to deal with the negative implications of migration. Finally, the
conclusions are offered.
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