Global Migration Flows Reverse for the First Time Since the Depression as Work in the Rich World Dries Up

The Great U-Turn
Global Migration Flows Reverse for the First Time Since the Depression as Work in the Rich World Dries Up

(Source Wall Street Journal)
The developed world, which for decades has offered a difficult but promising path to upward mobility, appears to be losing its allure. Unemployment is rising, and backlashes against foreign workers are mounting.

The result is potentially the biggest turnaround in migration flows since the Great Depression, economists say.
Full migration numbers for most countries are only available after a long lag, and so don't yet capture all the effects of today's economic crisis. But anecdotal reports and data from government ministries and outside organizations indicate that the flow of immigrants from poor to wealthier countries is slowing significantly for the first time in decades while more people are returning home. Among the returnees: road builders from Bangladesh, domestic servants from the Philippines, factory workers from Indonesia and Vietnam, construction workers from Mexico, as well as bankers, lawyers and real-estate professionals from around the world who were working in Singapore and Dubai.

Emigration from Mexico to the U.S. dropped 13% in the first quarter of this year compared to the same period last year, with more Mexicans leaving the U.S. than coming in. Indonesian authorities expect 60,000 or more citizens to be sent home from Malaysia, South Korea and other wealthy neighbors this year, as immigrant workers lose their jobs. Tens of thousands of Indians are washing their hands of Dubai as jobs there dry up and work permits expire. And in the U.K., the number of registered workers coming from new European Union member nations like Poland and the Czech Republic dropped 55% in the first quarter of 2009 compared to the same quarter a year earlier.
A growing number of migrants are returning home to places as diverse as Nepal and Tajikistan, while many are deciding not to emigrate to begin with, says Dilip Ratha, an economist and migration expert at the World Bank in Washington, D.C., citing reports from ministries and embassies. Mr. Ratha calls this reverse migration "very new" and "unprecedented."
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