How do governments reconcile money that flows out of their country? - eviltoast

Australia has a lot of foreign businesses and it has a lot of immigrants. Both earn Australian dollars and huge amounts would be sent back their country of origin.

His does Australia balance its books on something like this? How do the economics of it work? Would it lower Australian inflation but shortening the money supply, and raise inflation of the destination country as it prints more money to exchange the Australian dollar?

  • massive_bereavement@kbin.social
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    1 year ago

    Plus he is contributing to the workforce without having cost a penny for his/her upbringing.

    We need to consider that educating and taking care of children up to working age costs money and resources. Having trained workers join your country for free is always a boon (unless other costs add up).

    • fiat_lux@kbin.social
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      1 year ago

      Great point. Plus he has been screened to exclude people with disabilities. Only the people least likely to use future resources are allowed in at all.