According to a CNN report, the growth is mainly due to two factors : the remittances of Overseas Filipino Workers and the booming call center industry. Normally, these factors are not what other countries would rely on to grow their economies, in fact it doesn't apply to most of them. Very few countries have big overseas workers population, and most do not have a call center industry. The only country which has a similar experience is India. India has a lot of overseas workers and also has a booming call center industry. As a matter of fact, it was the leading call center network in Asia until recently. Lately, the Philippines has overtaken India as the leading call center network in the region. But India is an industrialized country, unlike the Philippines which is basically an agricultural country.
Who would ever think that the facility of Filipinos to speak English as a second language would someday be useful and eventually help in the economic recovery of their country. When Spain sold the Philippines to the Americans, the Philippines became a colony of the US for almost a century, and Filipinos were forced to learn the English language.
|The Philippine Call Center Industry|
Click pictograph to enlarge
|Overseas Filipino Workers Remittances (1987-2007)|
Hopefully, the Philippines has reach its turning point.
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