do you think that the philippines is harmed as other countries transfer their activities to us through outsourcing
Answers
no I don't think so and now as you wish
Answer:
No. Philippines has a lot of OFW sending remittances back to Philippines. Its Philippines main export.. Philippines is strict on foreign businesses investing with Philippines via 40/60 rules. You can not work in Philippines unless you are Philippines citizen with the law passed in 2019. Philippines is in competition with other nearby countries on outsourcing. International companies can not have their people working in Philippines unless thay have Philippines citizens. Foreigners born, grew up and educated in Philippines have to migrate out since they can not work in Philippines due to citizenships requirement. Filipinos also migrate out to find jobs since foreign countries have better compensation. Foreigners without citizenships in Philippines own their own businesses. It is hard to get Philippines citizenship 100 times more difficult than USA citizenship.. Apparently Koreans have no problems since there are a lot of Korean businesess there. Just visit the metroMainla and you will notice most of businesses are Koreans. The Koreans have replaced the Chinese and Americans. Japanese has avouded Philippines.