Trends in Migration, Remittances, Markets and Development to Latin America and the Caribbean

Both social and economic trends in Latin American and Caribbean countries are increasingly shaped by migration and its intersection with development and economic growth. Therefore, understanding the future of migration and how its affect the region can offer cues as to the direction countries will take.

An outlook of migration in Latin America and the Caribbean in five years depends on assessing three main factors, namely, growth trends in the origin and destination of human mobility, including labor and others (children, or people escaping violence), determinants of such growth and possible consequences. Moreover, an outlook in transnational economic engagement requires looking at growth, the extent of payment modernization, marketplace competition and impact on growth and development.

For the next five years, we expect migration to continue, facing anti-immigrant sentiments. Similarly, we expect remittances to continue to flow through an increasingly modernized payment system.

 

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