By: Estrella Z. Gallardo
The Philippine Institute for Development Studies (PIDS) 16th Development Policy Research Month (DPRM) focuses on public’s increased literacy on important socioeconomic issues.
The 2018 DPRM celebration carries the theme “Harnessing the Fourth Industrial Revolution Creating Our Future Today” (Filipino translation: “Isulong and Fourth Industrial Revolution Tungo sa katuparan ng ating kinabukasan ngayon”.
It aims to highlight the potential impacts of automation and other innovation in science and technology and how we can harness these to the country’s advantage, not only in terms of improving economic competitiveness but also in making progress both sustainable and inclusive.
Through this month-long celebration FIRe hopes to rouse the interest of policy makers about FIRe and influence them to prioritize this in the national agenda.
The PIDS, together with the members of the DPRM steering committee, during the month-long celebration, organizes policy seminars and dialogues, fellow researchers, planning advisers, policy makers, and the media. This event demonstrates an exercise in inter agency cooperation to emphasize the importance of evidenced-based policymaking.
Speakers and remarks giver during the PIDS (Philippine Institute for Development Studies) 16th PDRM (Philippine Policy Research Month) celebration at Luxent Hotel,Diliman, Quezon City on September. 4, 2018 (Photos) 1 2. 3. & 4. Employers Confederation of the Philippines Director General Jose Roland A. Moyà, PIDS President Celi Reyes , Philippine Business for Education Executive Director Love Basillote, Department of Trade and Industry (DTI) Assistant Secretary Rafaelita Aldaba & PIDS Senior Research Fellow Dr. Jose Ramon Albert, 5. Philippine Center for Islam and Democracy Ms. Amina Rasul-Bernardo
A DPRM Press Conference (kickoff) today, September 4, 2018 at Luxent Hotel in Quezon City, the 4th Minadanao Policy Research Forum on September 11, 2018, the regional press conference at Cagayan de Oro – September 11, held during the 4th Mindanao Policy Research Forum and Annual Public Policy Conference (APPC) on September 19, at the EDSA Shangrila Hotel in Mandaluyong City.
If the Philippines wants to sustain the economic growth in the past years, it should be able to keep up with the age of disruptive technologies or the so-called “Fourth Industrial Revolution (FIRe), also known as Industry 4.0.
Based on the World Economic Forum’s (WEF) Readiness for the Future of Production Report 2018, the Philippines has a low level of readiness for future production, characterized by weak performances in terms of technology and innovation, human capital, and institutional framework, among others.
According to the WEF, a country must have the ability to capitalize on future production opportunities, mitigate risks and challenges, and be resilient and quick in responding to unknown future shocks brought by FIRe.
The same report notes that the progress of a developing country like the Philippines depends on its ability to absorb technology. Several factors that may affect a country’s absorptive capacity include the availability of a technologically literate workforce, business climate conducive to investment and the creation and expansion of firms using high-technology processes, access to capital, management appetite for innovation in both the public and private sectors, and regulatory frameworks supportive of innovation, among others.
The Philippines, thus, has to focus on establishing a solid basic foundation for sustained learning and on accumulating various types of capital, while progressively and systematically closing the existing technological and knowledge gaps.
In a research paper of the Philippine Institute for Development Studies (PIDS) titled “Preparing the Philippines for the Fourth Industrial Revolution: A scoping study”, the authors emphasized that in order for the country to catch up with emerging technologies and realize the benefits that come with FIRe, the Philippines has to be open to international trade and investment, which can be useful in the rapid transfer of technology and innovations. The study also suggests the need to reduce anti-competition practices and encourage more competition in key industries like information and communications technology.
The authors of the scoping paper, which include PIDS Senior Research Fellows Ramonette Serafica and Jose Ramon Albert,_also stressed the value of having better educated and more trainable workers, as well as a more flexible and less costly labor market regulatory environment in the Philippines.
They also emphasized the importance of education and training systems in both the government and private sectors to produce a competitive and adaptive human capital. Apart from this, the PIDS study also underscored the need to establish universal social protection to keep the people secure, especially the poor and vulnerable, in the midst of unprecedented business and employment disruptions. The authors also urged government to invest more in data collection, monitoring, testing, and evaluation.
The two PIDS Senior Researchers Dr. Ramonette Serafica and Dr. Jose Albert mentioned this while giving the report on the Fourth Industrial Revolution: An Overview during the DPRM Press Conference (kick off) on September 4, 2018 at Luxent Hotel in Quezon City, to which DOST Secretary Fortunato de la Pena, Trade Department Secretary Ramon Lopez, represented by Assistant Secretary Rafaelita Aldaba, Business/Employers sector, Director General Mr. Jose Roland A. Moya and Educator Sector Executive Director Ms. Love Basillote gave remarks.
Dr. Celia Reyes, President, PIDS welcomed guests and participants. (PSciJourn MegaManila)