The GLOBE is dividing into the world of the skilled and the world of the unskilled. And the world of the skilled is rich, while the world of the unskilled is poor. We Filipinos must strive to become part of the world of the skilled.
We must get out of labor-intensive, low-wage industries and into high-value-added technologies. We must seek our competitive advantage based not on cheap labor doing repetitive work but on quality and innovation. For us, competition in low-skilled industries is a dead end as an economic strategy, since we are the only East Asian country with a legislated minimum wage.
What must we do to become part of the world of the skilled?
We must increase exponentially our investments in our human capital We must put more - much more – public money into basic education, and more- much more – corporate funding into research and development.
The problems besetting the services sector are not much different from those of agriculture and small and medium enterprises: inadequate technological know-how, lack of financial access and inadequate infrastructure and institutional support. Thus, the next government shall devise appropriate assistance schemes and shall endeavor to improve technological expertise of this very important and in many ways neglected sector of our economy. Special attention shall be given to practical and low-cost improvements in workers’ conditions, particularly in the informal sector, with the end goal of enhancing their productivity.
4 comments:
high quality of human resources indeed is a foundation of a progressive economy.
Wowwwww.........this topic is so heavy! It's a nice one. But do you think others can catched up with this.
Your articles inspire and encourage a lot of people. More power to your blog.
improving education is a big factor in raising the quality of human resources
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