how can foreign employment play a significant role in raising the economic standard of people?
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15
Answer:
Such industries provide job opportunities in the country. ... Foreign employment reduces the unemployment problem of a country. It may help to develop international relations with other countries because the country has to do labour contract with other countries and embassies has to be established there.
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Explanation:
- Foreign employment uplifts the standard of living of individuals and is a source of getting foreign currency.
- Foreign currency in the form of remittances can be used to improve living conditions.
- If the currency value of the country that individuals are working in is higher than that of the domestic currency then, their quality of life for them in their country will increase.
- Foreign employment reduces unemployment in the country.
- Individuals who went overseas for employment can improve their skill sets which later can be advantageous for the development of his/her own country.
- Individuals get to experience different cultures and learn new languages which might be later helpful.
- Foreign employment also improves the international relationships between countries.
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