This action might not be possible to undo. Are you sure you want to continue?
In general, globalization refers to the trend toward countries joining together economically, through education, society and politics, and viewing themselves not only through their national identity but 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 capital goods, technology, ideas andpeople. Any globalization that omits the last one is unfair and cannot succeed in improving the practices towards a full globalization of a country or a business unit. One of the important considerations of globalization is the free movement of labor in different countries. As the International Monetary Fund stated one of the four aspects of globalization is the movement of people. Workers move from one country to another partly to find better employment opportunities.. Most migration occurs between developing countries and Philippines 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 Filipino workers. Globalization has enabled easy access to many overseas Filipino workers (OFW) and overseas employment agencies overseas jobs which are not readily available 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 choosing to work abroad, majority always go because of financial reasons and their desire to have a better future for themselves and their families. Globalization has made it easier to Filipinos apply on jobs being offered abroad because requirements to work in participating countries are more simple and most often 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, their remittances greatly help Philippine economy. Millions and even billions of dollars are being sent in the Philippines every year and help in maintaining the balance between the peso and dollar exchange. But the question will always remain, is this aspect of globalization good or bad for our 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 goin out of the country in the quest of a better paying job may result to a “brain drain”, which means the 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 working abroad and the chance of migration or permanently leaving the country and become citizens of a different country will be more possible.
On the other side, the positive effects of having overseas workers is that there is a potential for the workers to return and help transfer the skill learned outside to our fellow Filipinos. Filipinos who also succeed outside the country invest in the Philippines and sometimes help in developing business that will help other people have jobs. The answers to the posted questions may depend on different views, globalization and movement of people may have a positive and negative effect on people but what is important is always a balance on the impact of globalization and human capital. I myself is a witness of the positive and negative impact of having an OFW parent, negative it may be , that we are always far from each other but being able to study and survive the economics of life makes us accept the situation and work it out. Globalization may still be around for a long time, and that should be an opportunity for our government to get the positive effects of it and work on solutions on its negative impacts.