Venezuelans have started migrating, no thanks to the rate of inflation in the economy. We’ve seen them move down to neighboring countries such as Trinidad and Tobago, Aruba, and the Dominican Republic. Even though we all discuss the benefits of migrants to the economy of the host. To balance the book, we also need to acknowledge the negative effect on the host’s economy. There are so many questions to ask ourselves. What is the tipping point? The scariest part of this situation is that more and more citizens of Venezuela are still moving out.
About two years ago, President Maduro fended off a recall referendum, which would have triggered a new election. It doesn’t seem like there is an end in sight to the crisis. For these reasons, many Venezuelans have decided that the only path left for them lies outside the country. The continuous presence of the government is the main reason why there is no change in policy. Which as a result has affected the price of commodities, rampant violence and widespread shortages of food is not helping.
Four years ago, a Data analysis showed that over 10% of respondents were working on paperwork for their exit. And in 2016, about 57% of registered voters (which was about 12 million people) were planning to leave the country.
In 2016, the news was published in business insider, it talked about the number of Chilean visas, which was then issued to Venezuelans increased from 758 to a shocking 838. Most was work visas, offered to immigrant ages 20 to 36. So, let us talk about the impact of these refugees in their host country.
- A limited impact on the prices of goods in the economy.
It was discovered that when migrants such as the Venezuelans move to other countries, it leads to an increase in the consumer price index.
- The Crack
The fleeing Venezuelans into countries such as Trinidad and Tobago have exposed the faults in the refugee policy. As of April of 2018, the Trinidad and Tobago government deported 82 Venezuelans in a move the UNHCR called a breach in the international law.
On a host such as Trinidad, which is a small Island, it will cause a choke when you look at the ratio of people per space. This was further substantial by the Prime Minister of the Island, Keith Rowley talked about the little space they had, he said Trinidad could not be turned into a “Refugee Camp”