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'That Mexican Thing'? Huge Contributions To U.S. Economy

Mexican-American, and proud.
Mexican-American, and proud.
Fernando Chavez

-Analysis-

MEXICO CITY — Republican nominee Donald Trump's continuing tirade against Mexicans have set off alarms on both sides of the U.S.-Mexico border. But are his prejudices rooted in any fact? Not at all, if you consider recent studies that measure contributions made by Mexican immigrants in the U.S.

One study by Mexican economist J. Cervantes and his assistant C. Sánchez at the Center for Latin American Monetary Studies, or CEMLA, identified a profile of these immigrants. It found that most Mexicans who leave Mexico head for the U.S. Almost as many women as men migrate to Mexico's northern neighbor. These women make up a strong component of the U.S. labor market, followed by women from China and the Philippines. The number of female Mexican immigrants engaged in full-time work in the U.S. has steadily increased since 2010.

U.S. citizens of Mexican origin — 35.8 million people — earned $563 billion in 2015, a figure that exceeded the gross domestic product (GDP) of several Latin American, Asian and European countries. Mexican immigrants without citizenship working in the U.S. — there are about 11.6 million of them — earned $239 billion the same year.

In total, that's $802 billion, which was 70% of Mexico's gross domestic product in 2015. This is significant for the U.S. economy but also for Mexico's economy as it receives 10% of these earnings in remittances, fueling a domestic consumer market.

When Trump's running mate Mike Pence quipped about "that Mexican thing" during the vice-presidential debate on Oct. 4 to refer to Trump's controversial anti-immigrant stances and plans to build a wall at the border, he should have considered the contributions Mexicans make to the U.S. economy. We are proud of them.

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Geopolitics

It's A Golden Era For Russia-Turkey Relations — Just Look At The Numbers

On the diplomatic and political level, no world leader speaks more regularly with Vladimir Putin than his Turkish counterpart Recep Tayyip Erdoğan. But the growing closeness of Russia and Turkey can also be measured in the economic data. And the 2022 numbers are stunning.

Photo of Erdogan and Putin walking out of a door

Erdogan and Putin last summer in Sochi, Russia

Vyacheslav Prokofyev/TASS via ZUMA
Aytug Özçolak

-Analysis-

ISTANBUL — As Russia has become increasingly isolated since the invasion of Ukraine, the virtual pariah state has drawn notably closer to one of its remaining partners: Turkey.

Ankara has committed billions of dollars to buy the Russian S-400 surface-to-air missile system, and contracted to Russia to build Turkey's first nuclear power plant. The countries’ foreign policies are also becoming increasingly aligned.

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But the depth of this relationship goes much further. Turkish president Recep Tayyip Erdoğan speaks to Russian President Vladimir Putin more than any other leader: 16 times in 2022, and 11 times in 2021. Erdoğan has visited Russia 14 times since 2016, compared to his 10 visits to the U.S. in the same time period (half of which were in 2016 and 2017).

But no less important is the way the two countries are increasingly tied together by commerce.

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