I've spent a lot of time in Latin America. I've met a lot of people from developed countries there. The ones who fail badly are the ones who go there expectin

I've spent a lot of time in Latin America. I've met a lot of people from developed countries there. The ones who fail badly are the ones who go there expecting to get a local job earning a local wage and hoping to fit in with the locals. This drastically fails because the local wages are very low compared to their home country and requires perfect fluency in the local language. The one's who do well have remote work jobs and benefit from the vastly lower cost of living. The most interesting arbitrage is people who move from developed countries and start small-time online businesses and make $1000/month. On this amount of money they can live reasonably in developing countries while they would be living in poverty in their home countries. The goal of a lot of them is to make enough monthly that they can move back and live off their businesses in their home countries. It's a way to get out of the rat race. These people are essentially moving to developing countries for economic opportunity which is absurdly ironic because locals complain about them raising prices and then move to developed countries for economic opportunities themselves.