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ofw and globalization

ofw and globalization

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Published by melissa_macapagal

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Categories:Types, School Work
Published by: melissa_macapagal on Aug 13, 2010
Copyright:Attribution Non-commercial

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07/27/2011

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Globalization is a difficult term to define because it has come to mean so many things. Ingeneral, globalization refers to the trend toward countries joining together economically, througheducation, society and politics, and viewing themselves not only through their national identitybut also as part of the world as a whole. Globalization is said to bring people of all nations closer together, especially through a common medium like the economy or through the modern use of communications technology.According to the economist Milanovic, Branko, globalization means the free movement of capitalgoods, technology, ideas andpeople. Any globalization that omits the last one is unfair andcannot succeed in improving the practices towards a full globalization of a country or a businessunit.One of the important considerations of globalization is the free movement of labor in differentcountries. As the International Monetary Fund stated one of the four aspects of globalization isthe movement of people. Workers move from one country to another partly to find better employment opportunities.. Most migration occurs between developing countries andPhilippines is one of the developing countries that found a good opportunity in this aspect of globalization.The emerging globalization has played a big part in the exodus of overseas
Filipinoworkers. Globalization has enabled easy access to many overseas Filipino workers(OFW) and overseas employment agencies overseas jobs which are not readilyavailable in the Philippines. Various countries trust Filipinos' professional way of working and this led to many employer nations outsourcing jobs from the country.Although Filipino who decides to work overseas have different reasons of choosingto work abroad, majority always go because of financial reasons and their desire tohave a better future for themselves and their families.Globalization has made it easier to Filipinos apply on jobs being offered abroadbecause requirements to work in participating countries are more simple and mostoften Filipino workers do not have a difficult time qualifying for the job.In Philippine Economy, the OFW’s are now considered as the new heroes, theirremittances greatly help Philippine economy. Millions and even billions of dollars arebeing sent in the Philippines every year and help in maintaining the balancebetween the peso and dollar exchange.But the question will always remain, is this aspect of globalization good or bad forour country? Does the movement of people around the world benefit our economy?
Viewing the situation in a short term may result to a lot of disadvantages, too many expert goinout of the country in the quest of a better paying job may result to a “brain drain”, which meansthe efficiency of the local labor may be affected by the lack of experts who will serve our citizens. A lot of families may become incomplete due to the distance of family member workingabroad and the chance of migration or permanently leaving the country and become citizens of a different country will be more possible.

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