Socio-economic influence of overseas Filipino workers in the Federal States of Micronesia

The economy of the Philippines heavily depends on overseas workers. The major destinations and dominance of simple labor has not changed in the last 30 years. However, the destinations have been more diversified. And the professional jobs are more dominant in some countries. The paper discusses a case by illustrating the situation in the Federal States of Micronesia. The economy of this country is called MIRAB, which means the economy depending on migration, remittance and bureaucracy. The paper shows that the result of this economy has not brought around the development of the private sector but, rather, frustration. The paper concludes that the increasing number of Filipino workers will heighten the stressful nature of the society