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Remittances of the Overseas Marine Service Workers to the Philippines: Implications to Good Governance
Authors: VIVIAN B. FLORES
Number of views: 763
Using the Network Governance theory,
this study describes the remittances of the Overseas
Marine Service Workers (OMSWs) and assesses its
implication to good governance. Since OMSW
remittances are mandatory, the Philippine government
recognizes only the formal channels of money transfer
system to the Philippines. However, some OMSWs are
sending cash to their families in the Philippines through
the informal channels for the reasons of emergency,
speed, friendships and cost. OMSW cash remittances to
their respective families are primarily spent on
education, food, and health as part of the regular
monthly household and family expenditure items.
Recipient family members prioritize the purchase of
real estate properties, income-generating investments
such as micro-enterprises and agricultural lands,
clothes, motorcycle or cars. Part of the cash
remittances received is also spent during Christmas
celebrations; however, low priority is given to spending
money on birthdays, fiestas and other occasions of
lesser cultural significance to the family. A minimal
number of the respondents donate a portion of the
money to the barangay and school. On the other hand,
a portion of the cash remittances received is not spent,
but kept as savings for the family. The study further
reveals that good governance (e.g. accountability,
transparency, participation and rule of law) does not
actually have any direct effect on the OMSWs' and their
families overseas remittance- related transaction and
experiences, either with the formal channels or informal
mechanisms.