Monday, July 23, 2012

Meanwhile, in the past 2 years, the number of Filipinos leaving the country to seek employment abroad - even in highly dangerous territories like Syria - rose to an annual average of 1.4 million, again, higher than in previous administrations: Arroyo at 1 million; Estrada at 0.84 million; Ramos at 0.69 million and Cory Aquino at 0.47 million. With nearly 5,000 Filipinos leaving for employment abroad, the country's economic survival is, expectedly, becoming even more dependent on OFW remittances, plus tourism, foreign investments (especially in destructive industries like mining) and more borrowings.

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