affect the household consumption expenditure and hence poverty. The findings suggest that reduction in remittances will … reduce gross domestic product, investment, and household consumption, which in turn will increase poverty. On the other hand …, the probability of households becoming poor decreases by 12.7% if they receive remittances. The poverty headcount ratio …

), Philippines, and Thailand. It develops a crisis index that measures the impacts of the crisis by comparing actual values of … product, Korea suffered the worst in reduced employment, and Philippines' output was affected only in 2009. In the labor … problems, particularly Korea's problems with youth unemployment, and Philippines' and Thailand's vulnerable industrial sectors. …