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Is the supposed to spur other governments into action? I could imagine it might have the reverse effect. Plenty of governments would like to see their best a
by londons_explore 2y ago
Is the supposed to spur other governments into action?
I could imagine it might have the reverse effect. Plenty of governments would like to see their best and brightest return home, complete with lots of money, stopping brain drain and giving their economies an influx of money and sharp minds.
- Yeul 2y agoIf China wants to I can envision a future in which Shanghai and Shenzhen have vibrant expat communities. It's not rocket science.
- amarcheschi 2y agoIt's not even that far fetched, given some places such as hk are already full of expats
- ethbr1 2y agoI'm not sure Hong Kong is the model China would use if they wanted expats.
- amarcheschi 2y agoFair take
- TMWNN 2y ago> I could imagine it might have the reverse effect. Plenty of governments would like to see their best and brightest return home I can't speak for South Sudan specifically, but for Latin America, expatriates are a source of remittances that are very important for their birth countries' economies. $23 billion in remittances went from the US to Mexico in 2013 <http://www.pewhispanic.org/2013/11/15/remittances-to-latin-america-recover-but-not-to-mexico/ http://www.pewhispanic.org/2013/11/15/remittances-to-latin-a...>. Another $10 billion to Guatemala, El Salvador, and Honduras. The US provides 78% of all remittances to Latin America, and 98% to Mexico. A full 2% of Mexico's GDP is from remittances—larger than the petroleum industry <https://www.as-coa.org/articles/weekly-chart-oil-and-remittances-mexicos-gdp https://www.as-coa.org/articles/weekly-chart-oil-and-remitta...>—and 10-17% (!) of the economies of the other three countries.
- dibujaron 2y agoit's not so simple because many countries make lots of money from remittances of people working abroad in wealthy countries. setting up industry takes time; in the meantime they've lost a huge source of income.
- mvdtnz 2y agoIt's supposed to spur South Sudan into action.