Balance Quote by Ferdinand Marcos
“For us, overseas employment addresses two major problems: unemployment and the balance of payments position.”
About This Quote
Source Speech: Economic Policy Address, Ferdinand Marcos, 1975
Overseas work helps reduce joblessness and improves the country's trade balance.
In simple terms: Foreign jobs cut unemployment and aid trade.
Key Takeaway
Promote overseas job programs.
Themes
economics
employment
trade
policy
Mood
pragmatic
analytical
Type
policy
economic
When to use this quote
- government policy
- development planning
- business strategy
Key Concepts
balance of payments
remittances
labor migration
Questions to Reflect On
- How can benefits be shared with workers?
- What safeguards protect local economies?
A Different Perspective
May overlook worker exploitation and brain drain.
