And just think the technology exist today to manage the Visa process on blockchain. It would likely take 7 people to manage it for the whole country and have bots conduct continuous audit.

But wait, how would the mayor get his extra peso's? As well as everyone else directly or indirectly involved in these bureaucracies.

Most SE Asian countries have layers upon layers of bureaucracy in many cases with the intent protect jobs and maximize value of their exports. This worked when times were good, labor was cheap and they could attract foreign direct investments.

COVID is bringing this to an end. Foreign direct investment is drying up. There is and will continue to be liquidity problems in the markets. Asian countries are large holders of state owned enterprises, many of them if not most barely profitable for all the normal reasons. This is putting tremendous pressure on government budgets causing cash saving measures to be employed.

Calm down I'm getting to the point. Unlike the US which enjoys a world reserve currency other countries have to use other tools with nationalization of assets be one. I expect to this ramp up by years end.

How did we get from Visas's to FDI? If governments do not use best available technologies to maximize efficiency, such as putting all government services on blockchain tech, they are destine to fail hard. This would also be one of the best tools to eliminate corruption known to man.

As such it most likely will not happen, because then your good Mayor Paz A. Rozgoni would not have the funds for that annual trip to Singapore or sending his children to collage in the US.

Please post photos of your trip in two weeks ;)

Stay Safe