chapter  1
20 Pages

Introduction

Overseas employment has injected considerable sums of money into the Philippine economy. Remittances garnered US$18 billion between 1975 and 1994 (Gonzalez 1998: 73); in 1997 alone, overseas Filipino workers remitted over US$5.7 billion. Moreover, this source of foreign exchange accounts for nearly 20 percent of total exports in the Philippines. The importance of overseas monies is important at the household level as well. In Manila, for example, approximately 11 percent of all families receive their main source of income from abroad (National Statistics Office 1992: Table 9). By way of comparison, only 14 percent of families receive their main source of income through entrepreneurial activities.