Biden: Xenophobia Hurts Asian Economies

US President Joe Biden has stirred controversy by implying that 'xenophobia' is hindering economic growth in countries like China, Japan, and India. Speaking at a campaign fundraising event in Washington, Biden highlighted the importance of immigration to the US economy, contrasting it with what he perceives as anti-immigrant sentiment in other nations.

Biden blames economic woes on xenophobia.
Image by The Hindu BusinessLine

Biden's remarks came during the kickoff event for Asian American, Native Hawaiian, and Pacific Islander Heritage Month, where he praised the contributions of immigrants to the American economy. He stated, “Why is China stalling so badly economically, why is Japan having trouble, why is Russia, why is India, because they're xenophobic. They don't want immigrants. Immigrants are what makes us strong."

The US President's comments drew attention to the economic challenges faced by these countries, as highlighted by the International Monetary Fund (IMF). The IMF predicted a slowdown in economic growth for each country in 2024, with factors ranging from 0.9% growth in Japan to 6.8% in India. In contrast, the US is expected to see a growth rate of 2.7%, attributed in part to immigrants contributing to the labor force.

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image by WFXR

Concerns over irregular migration have become a top priority for American voters ahead of the 2024 presidential elections. Biden, who has criticized the anti-immigrant rhetoric of his predecessor Donald Trump, has emphasized the importance of building political and economic alliances with countries like Japan and India to counter the influence of China and Russia.

In Japan, the number of foreign residents has reached a record high, comprising about 2.7% of the population. A survey conducted by Japan’s Asahi newspaper found that a majority of respondents support accepting more foreign workers, indicating a shift in public opinion towards immigration.

Biden's remarks have sparked debate over the role of immigration in economic growth and international relations. While some view immigration as essential for driving economic prosperity, others argue that it poses challenges related to social integration and job competition.

As the US prepares for the upcoming elections, immigration policy and its impact on the economy are likely to remain prominent issues. Biden's stance on immigration and his efforts to strengthen ties with countries in Asia will continue to shape US foreign policy in the years to come.