Case Study about Labour Export Policy: Philippines
Migration has become an eye-catching issue in the era of globalization. According to the World Migration Report 2010 (IOM, 2010), the scale of international replacement is astonishing. The number of international migrants, estimated to be 214 million in 2010, is at a record high; they account for 3.1 percent of the world’s population. The pace of the enlargement of migration has increased dramatically during the last few decades.
It is reckoned that if the rate of migration continues at the same pace as during the last two decades, the total sum of international migrants will hit as many as 405 million by 2050. One key economic concern regarding international migration is the issue of remittances, to which particular attention should be paid. Remittances in 2009 were estimated to be around USD 414 billion, with developing countries receiving USD 316 billion. This number is the first recorded decline since 1985, due to the global economic crisis, but it remains above the levels prior to 2007
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