Brazil Braces for Hedge-Fund Manager Import: Alexandre Marinis
Wednesday, February 11, 2009 : PermalinkBloomberg – Brazil’s main airports are filled with the country’s fastest-growing import: Brazilians returning home after losing their jobs in the U.S., Japan and Europe.
They left their homeland for jobs in more developed countries years ago, and sent some of their wages to the struggling families they left behind. Now they are out of work, evicted from employer-supplied housing and arriving back home to an economy ill-equipped to absorb or help them.
Most of them are called dekasseguis, a Japanese word meaning “to leave work.” Brazil has the largest Japanese population outside Japan and during Latin America’s economic crises in the 1980s and early 1990s many Brazilians with Japanese ancestry moved to the island nation in search of better jobs. About 322,000 Brazilians work in Japan, making them the third-largest community of foreign workers there, according to Japan’s Ministry of Justice.
Tags: 1980s, airports, bloomberg, brazil, brazilians, early-1990s, economic crises, economy, island nation, japanese ancestry, japanese population, japanese word meaning, latin-america, left behind, ministry of justice, more developed countries, returning home, wages, work in japan
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