Thinking global, living local: Voices in a globalized world

Negative Effects of Remittances

Written by on . Published in Cash back on , , .

Last year, the official amount of remittances in the Phillipines reached US$14.4 billion, more than 10 per cent of the country’s GDP. Thus, the country is now the world’s third highest remittance-recipient country after India and Mexico. But how much do the Philippines pay for the remittances? How do natives see this?
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Samuil Simeonov

Samuil Simeonov is a political scientist