1. A country can also derive export revenue from service income, e.g. shipping and tourism, together with remittances from overseas workers. 2. Since they are mostly overseas workers undertaking taxonomic or project-based research, this is understandable. 3. But it also criticized Philippine officials, citing the secretaries of Foreign Affairs and of Labor for not protecting the interests of some three million overseas workers. 4. GNP is a measure of economic output that includes remittances from overseas workers, an important contributor to the Philippine economy. 5. Local land prices skyrocket as cash flows in from overseas workers. 6. Overseas Philippine workers would simply buy the same goods in the countries where they live, depriving their homeland of badly needed foreign exchange, they contend. 7. That could mean good news for overseas workers in countries that offer tax breaks to U.S. corporations. 8. The biggest problem with Nike is that its overseas workers make wretched, below-subsistence wages. 9. The existence of such a plan shows that the employer values its overseas workers. 10. The elimination of the Puerto Rican credit could mean good news for overseas workers in countries that offer tax breaks to U.S. corporations. |