Sunday, March 19, 2006

Utah research finds immigrants help Mexico and Utah

A good example of how we are helped when we help. Business goes both ways, the money sent back to Mexico enables those people to purchase more products that come from this country.

Economic benefits to both: Laborers' money is sent south of the border, which in turn buys our goods
By Steven Oberbeck, The Salt Lake Tribune

The Salt Lake Tribune: Every year, Mexican immigrants who now live and work in Utah send an estimated $148 million back home to help support their families.

Such remittances are quickly becoming an important source of capital in Mexico and are key to that country's economic stability and future growth, according to a new University of Utah study on the complex economic and social relationship between Mexico and Utah.

Yet the flow of money and benefits doesn't go just one way, said Ken Jameson, a professor of economics who was part of the research team who drafted the study titled "Mexico and Utah: A Complex Economic Relationship."

On the other side of the economic equation, Mexico buys more than $120 million in Utah-made goods and services every year. And more than 100,000 Mexicans vacation in Utah every year with just the skiers among that throng spending more than $1 million.

"The economic and social ties between Mexico and Utah are complex and far-reaching, and they're only going to get stronger over the years," Jameson said.
Be sure to read the rest of this story! This is only a small part of it.

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