Today, our country is largely dependent from jobs with global connections.
4 global income sources:
migrant labor, business process outsourcing, exports, and tourism
DOLE says that there are 4018 (2010)- 6092(2015) leaving the country for work, a 51% increase in just 5 years.
Those who works abroad sent $25.8b in 2015 in the Philippines which is 8.5% of the country's GDP.
BPO- the Philippines provides for foreign clients that generated $24b.
BPO+Migrant workers=$51b
In 2016, exports earned $56.3b.
Tourism reached $6.05b at the end of 2016.
Combining the 4 global sources of income, it generated $113.35B, making the Philippines 36th largest economy in the world. We are also 8th biggest rice producer in the world.
When US intervened the war in Vietnam during 1960's, PH helped form the anti communist regional body or SEATO, created by American to contain the alleged spread of communism in the region.
The informal economy of the country had survived because of the global and regional connections.
Filipinos continues to hold the west in high-regard, becoming English as one of the most spoken, and American pop-culture remains the model of modernity.
Researched showed that 92% of Filipinos are pro-American.
Filipino culture is still preserved, such as Fil-Am artists that revived the use of Kulintang. This preservation is a reverse-flow in which locals are transported overseas.
Filipinos have very little choice but to accept this globalized state as a country and as a people.
Globalization might be uneven but there are progress such as political leaders opening the country to the world.