Sunday, February 8, 2009

More bad news for Nepal

Many Nepalese head to other countries to work. They don't make much money but they send home whatever they can to support their families.

The guys who do my laundry are an example: They work in the Emirates and, if they are lucky, get to go back to Nepal every 2-3 years. They routinely send home small sums of money to help their families survive.

According to this article 150,000 Nepalese have lost their jobs abroad and been sent home. This is a double whammy to an already desperately poor country. First, the returning workers add to the already high unemployment rate. Second, the money from those workers was a lifeline that's been cut off. Poor third world countries need hard currency (like the dollar) . Workers abroad help prop up the country. When those workers return en masse the results are devastating.

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