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The paper provokes readers to consider the merits of
harnessing overseas employment as a strategy for economic
growth and development. It rationalizes that precisely
because overseas employment is not recognized as a tool
for development, its contributions as well as costs are
not properly accounted for while its potential is not
maximized.
The paper enumerates the possible reasons why the
Philippines
should take advantage of the impending acceleration of
international trade in services, which allows for the
inter-corporate transfer of employees and for greater
mobility of natural persons across borders. The reasons
cited include: the limited local employment opportunities;
dollar earnings that keep the economy and families of OFWs
afloat; and the continued demand for labor overseas. It
also enumerated the current and potential demands for
Filipino manpower overseas.
The
paper also contains an extensive discussion on the
emerging opportunities and trends that could expand, as
well as limit deployment of Filipinos for overseas jobs.
Given these trends and prospects, the paper
instigates debate on the need to shift the policy on
overseas employment -- from “managing” the flow of
labor migration to “promoting” labor migration as a
growth strategy.
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