Monday, March 02, 2009

The global recession effect on the Philippines

25.4 million Filipinos live below the poverty line. Even more are at risk of falling below that line due to the international credit crisis, which has caused the global recession. Those especially vulnerable in the Philippines are those who work in exports.

In this story from the IRIN, we look at the thousands of job at risk in the Philippines.

The National Economic Development Authority projects that 800,000 workers are vulnerable to retrenchment due to the downturn.

These include workers in export-oriented industries, particularly semi-conductors and electronics, as well as Filipinos employed abroad, said Socio-Planning Economic Secretary Ralph Recto.

Labour Secretary Marianito Roque reported that since October at least 34,000 people have been laid off, with this year’s job losses expected to reach 300,000.

In October, government data showed unemployment in October at 2.53 million, while those underemployed, or whose jobs do not fit their education or skills, numbered about six million.

However, the IBON Foundation, an independent think-tank, estimates that unemployment and underemployment are above 10 million, possibly hitting 11 million this year.

Yet with the global financial crisis wreaking havoc on local employment, addressing basic labour issues such as providing decent work has become more difficult to achieve – potentially undermining the Millennium Development Goal of eradicating poverty and hunger.

Productive employment and decent work have been integrated as one of the key indicators in achieving this goal.

About 25.4 million Filipinos are estimated to be living below the Asian Poverty Line of $1.35/day, roughly one in three, while the MDG-1 target aims to halve the number of Filipinos living in extreme poverty - 12.7 million - by 2015.

Even before the International Labor Organization (ILO) successfully advocated for the inclusion of productive employment and decent work in the MDG in 2006, the Philippines had began laying the groundwork in pursuing these goals, involving the tripartite participation of the government, labor and employers’ groups.

Dubbed the Philippine Common Agenda, it covered three cycles beginning in 2002. The last cycle, covering the period 2008-2010, has the theme “Narrowing Decent Work Deficits” as an action framework.


guide for world said...

1.Poverty is a very rare and risky problem that people encounter due to jobless life and a poor situation of life.So,all i can say to each of the families,they should follow the rules and terms of family planning because they are the one who made miserable and too much expectations leads to sorrow.

sienna niner said...

I agree with guide for world. They have many children that's why it so much harder for them to live, unlike when they only have 1 or 2 kids. Better yet, none, if they don't have stable jobs.