Working Paper No. 37 - Globalization, history and international migration - A view from Latin America

This paper shows that international migration in Latin America was largely unrestricted during the first wave of globalization (circa 1870-1913), in line with increasingly integrated capital and goods markets under the monetary arrangements of the gold standard. The second wave of globalization in the late 20th century saw a substantial increase in the level of capital mobility and international trade. However, international labour markets have remained segmented, with international migration remaining constrained for unskilled labour and the poor.

Migration has occurred in both waves of globalization, but the migration within the 20th century globalization period has shown to increase capital mobility and international trade. However, international migration remains constrained in the unskilled labour and the poor labour market segments, while there has been an increasing international mobility within the scarce skilled and high education segments with the increasing globalization of capital and goods markets. Using the example of Latin America, international migration patterns are due to income per capita disparities. Also South-North migration is mostly Mexico, the Carribean, and Central America countries that migrate to the United States, while some Latin American military regimes have instigated the emigration of educated people that de-capitalize a country's valuable human resources. This paper provides an overview of the history of globalization concerning international migration from the perspective of Latin America.