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Role of overseas foreign workers in the stabilization

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Reference no: EM133091712

The balance of payment (BOP) data is challenging to compile and often inaccurate. BOP presents a picture of the present trend in the move to globalization. The Philippines economy demonstrates a current account deficit. The international investment position demonstrates the steady increase in international investment. The growing international transaction allowed the increased size of the FX market, which is determined by the interaction between demand and supply. The inflow and outflow of payments determine exchange rates.

1. Enumerate three arguments on the role of Overseas Foreign Workers in the stabilization of FX of the peso.

2. Explain the three arguments.

Reference no: EM133091712

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