Saving and Investing Behaviors of Overseas Filipinos in Four Destination Countries and Migrant Families in the Seven Provinces of Origin in the Philippines
This action research was conducted in the course of the implementation of the IFAD project entitled, Scaling Up Initiatives in Mobilizing Migrant Resources to Agriculture Development in the Philippines. The main purpose of the action research is to understand the savings and investing behavior of the OFWs and families and help out in building transnational linkages and developing partnerships needed to promote the use of remittances of Filipino migrants in Italy, Singapore, Qatar and United Arab Emirates on productive investments in the provinces of Agusan del Sur, Batangas, Ifugao, Laguna, Oriental Mindoro, Tarlac and Surigao del Sur.
interest in the relationship between overseas Filipino migration and national development has been growing steadily for many years. academic institutions, government agencies, and non-government organizations increasingly seek to understand the complex connections between the movement of people and the development of their home countries. Most of these efforts focus on the impact of remittances on migrants’ countries and communities of origin. The largest share of remittances is sent home to support families and relatives, and this is where most research has focused. in addition, however, there are unaccounted portions of remittance transfers that are intended for the “public good.” These monies are often referred to as “diaspora philanthropy”, a phenomenon that has only recently begun to receive closer attention.