Delivering Skills in a Global Economy: The Demand-Led System

The Philippines is arguably the human resource capital of the world. The Philippine workforce is so vast that it has become a key backbone of the global labor market. At present, Filipino skills are in-demand in 193 destination countries, making the Philippines the top source of migrant workers, after only such labor powerhouses as India and China. The Philippines is also a premier player in the global outsourcing industry, ranking seventh among top 50 preferred outsourcing destinations worldwide, according to the 2009 Global Services Location Index of the global consulting firm A.T. Kearney.

Endowed with skills of global choice, the Philippine human resources may thus be seen as competitive. The fact, however, is that forces have emerged and started to drive the global economy in unparallel ways, which therefore requires smart anticipation and response.

Issue #: 
6
Volume #: 
1