Argentina has always been hailed as the “jewel” of Latin America, characterized by the abundance of natural resources as well as a large and highly educated population. Argentina strongly supports its poor neighbors due to their economic problems which affect migration patterns in Latin America. In recent years, Argentina has attracted one of the largest numbers of migrants, more than half of whom come from Latin America. These migration patterns create higher unemployment rates in Argentina, currently around twenty percent. Due to this high unemployment and the country's recent economic, political and social instability, many Argentines are leaving Argentina. Over the past two years, Argentina has defaulted on $141 billion in foreign debt, unemployment has reached 21.5 percent and an estimated 55 percent of the 37 million population has fallen below the threshold. of poverty. Average industrial wages fell nearly 8 percent between 2001 and 2002, and over the past two years the homeless population has doubled. Argentina, for most of its time, has been a magnet for immigration, attracting its largest groups of migrants from European countries like Italy and Spain. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get the original essay Large numbers of Argentines are heading to Italy and Spain, where they can claim citizenship due to their ancestral ties. Generally speaking, Argentines are considered “preferred” immigrants for stipend in these two countries due to their high skill levels, similar cultures, and somewhat common language. Large numbers of Argentines began to seek residence in more distant countries. Recent developments, both political and economic, could contribute to increasing the number of Argentine immigrants in the coming years. "The May 2003 swearing-in of Nestor Kirchner made him the first elected president to hold the position since de la Rua resigned in 2001, and ended a succession of 'interim' presidents." Kirchner's efforts to remove corrupt military, government, and judicial officials from the government won him the popular support of his people. Hopefully his campaign leads to greater political stability, and Argentines might then find staying at home more bearable than before. The latest economic indicators suggest that Argentina's economy is improving, which could convince many people living in Argentina today to say they are making a living from these incentives. We do not know exactly how these signs of political and economic stability will affect future migration trends. Flows could continue to increase amid fears of another economic collapse or fall, but we will remain worried about recovering a rebound. They may also stagnate as immigration to more developed countries becomes an attractive option, as they will have more to offer immigrants economically and financially. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a custom essay However, as public support for the government increases and economic conditions improve, the urge to emigrate may soon disappear and many Argentines will feel comfortable living in their country , Argentina.