The report pointed out, however, “While the indigenization may not affect remittances in the near term, they highlight the importance of destination country policy changes for the future sustainability of remittance flows to developing countries.”
An example of an indigenization program is the Nitaqat program in Saudi Arabia, which involves bringing down the number of foreign workers in the kingdom to provide jobs for its own citizens.
Malaya Business Insight learned that a good number of Filipinos doing odd jobs in Italy are coming home. It appeared that hard times in Europe have forced household members – husbands, wives and children of working age – to take over the Filipinos’ jobs.
In the same report, the World Bank pointed out that the Philippines continues to be one of the top recipients of remittances among developing countries in 2011.
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