Over the last two decades, international migration has grown rapidly, mainly due to globalisation of economic activity and its ensuing effect on international labour migration. These recent episodes of rising international migration and remittance flows present challenges to both developed and developing countries. With US$16.4 billion in official remittances in 2008, the Philippines stand prominent as one of the major remittance-receiving and labour-exporting countries in the world. This paper provides critical review of migration policy reform in the Philippines and assesses the impacts of remittances on the Philippine economy.
Academy of Taiwan Business Management Review Vol. 6, Issue 4, p. 1-12