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Contemporary World
Global Filipino
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Created by
STEPHEN JED
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Cards (10)
Today, th
e Philippine economy depends largely on incomes from jobs with global
connections
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Migrant labor
Filipinos leaving the country to work overseas
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In 2015, the number of Filipinos leaving the country to work overseas rose from
4,018 in 2010 to 6,092 in 2015, a 51-percent increase in the span of five years
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In 2016, there were 2.4 million Filipinos
leaving and/or working outside of the country
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Filipinos sent back $25.8 billion in 2015, roughly
8.5 percent of the country's gross domestic product
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Filipinos
really have very little choice but to accept this globalized state as a country and a people
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Globalization's impact
has, admittedly, been uneven and often does not benefit most Filipinos
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The business process outsourcing(
BPO
) that the Philippines provides for foreign clients.
The third source of national
income is comprised of exports.
The fourth largest source of income is tourism, which reached about $6.05 billion by the end of 2016.