The best way to start our consultation today is to recognize that the onset of globalization has heightened trade and investments across countries. Equally important, labor migration and crossborder employment have also increased. As a result, both the issues of migration and cross-border remittances have attracted growing attention from a greater number of policymakers, academicians, international organizations, and market practitioners, over the years.
At this stage, however, there is still a lot of ground to cover on the statistical front. We have yet to update and strengthen our database to fully satisfy the needs of policy and program formulators . How important is the information?