The American Interest
Analysis by Walter Russell Mead & Staff
Time to Emigrate to Mexico?

Mexicans don’t want to leave their native country any more than Americans do theirs, according to a new Gallup Poll. Only 11 percent of Mexicans said they would emigrate if given the chance, down from 21 percent in 2007 and equal to the 11 percent of Americans who would do the same.

Fears that America will be overrun by a mass of poor workers from Latin America are looking more and more like yesterday’s news. Birthrates in Mexico are falling, and the economic situation continues to improve. At 5 percent, Mexico’s unemployment rate is nearly three points below ours. In 2012, its GDP grew by nearly 4 percent, and foreign investors, encouraged by the turnaround, poured $57 billion into stocks and bonds in the first nine months. Forthcoming reforms in the telecommunications and energy sectors may also help those industries to boom. The country’s economic forecasts are so promising that the Financial Times has dubbed it the “Aztec tiger.”

This is good news. As the Mexican economy improves, immigration pressures will continue to abate. Who knows? If the trends continue, maybe we’ll even see southbound migrants outnumbering northbound ones.

[Image of Mexican President Enrique Peña Nieto courtesy of the World Economic Forum]

Published on February 25, 2013 5:00 pm