Argentina has always been considered the "jewel" of Latin America, characterized by an abundance of natural resources and a large, highly educated population. Argentina is a strong supporter of its poor neighbors due to their economic problems which influence migration patterns in Latin America. In past years, Argentina has attracted one of the largest migratory flows, more than half coming from Latin America. These migration patterns are creating higher unemployment rates in Argentina, currently around 20%. As a result of this high unemployment and the country's recent economic, political and social instability, many Argentines are moving away from Argentina. Over the past two years, Argentina has defaulted on $141 billion in foreign debt, unemployment has risen to 21.5% and around 55% of the population of 37 million has fallen below the threshold of poverty. The average industrial wage fell nearly 8 percent from 2001 to 2002, and the homeless population has doubled in the past two years. Argentina, for most of its time, has been an immigration magnet, attracting its largest groups of migrants from European countries such as Italy and Spain. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay Large numbers of Argentines are heading to Italy and Spain, where they can claim citizenship because of their ancestral ties. In general, Argentinians are seen as "preferred" immigrants for compensation in these two countries due to their high levels of proficiency, similar cultures, and somewhat common language. Large numbers of Argentines have begun to seek residency in more distant countries. Recent developments, both political and economic, could contribute to increasing the number of Argentine immigrants in the coming years. "In May 2003, Nestor Kirchner's swearing-in made him the first elected president to hold the office since de la Rua's resignation in 2001, and ended a succession of "interim" presidents. Kirchner's efforts to repealing corrupt officials in the military, government and judicial branch of government have brought him popular support from his people. It is hoped that his campaign will lead to greater political stability, so that Argentines can find staying at home more bearable compared to the past. The latest economic indicators suggest that the Argentine economy is improving, which could convince many of the people living in Argentina today to say they live thanks to these incentives economic will influence future migration trends. Flows may continue to increase in fear of another economic collapse or fall, but we will remain alarmed to recover. They may also stabilize as immigration to more developed countries becomes an attractive option, as they will have more to offer immigrants economically and financially. Please note: this is just an example. Get a custom paper from our expert writers now. Customize Essay However, as public support for the government increases and economic conditions improve, the urge to migrate may soon pass and many Argentines will feel comfortable living in their home, Argentina..