Preparing the Philippines for the Fourth Industrial Revolution: A Scoping Study
Dadios, Elmer P.; Culaba, Alvin B.; Albert, Jose Ramon G.; Paqueo, Vicente B.; Jr., Aniceto C. Orbeta; Serafica, Ramonette B.; Bandala, Argel A.; Bairan, Jose Carlos Alexis C. | August 2018
Abstract
Technological breakthroughs and the interplay of a number of fields, including advanced robotics, artificial intelligence (AI), nanotechnology, neurotech, data analytics, blockchain, cloud technology, biotechnology, Internet of Things (IOT), and 3D printing, have ushered in the Fourth Industrial Revolution (FIRe). These various FIRe technologies are already being adopted by Philippine industries, although in varying degrees of diffusion. The extent to which all the potential benefits will be realized from these technologies depends on the country’s ability to overcome its capacity to aptly adapt to the global disruptions that are expected to come along with the FIRe.
The country needs 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. Both the public and private sectors need to pay attention to the miniscule investment it has been putting in R&D; concomitantly, the Government must have an informed view on how to improve the efficiency of its deployment. Other interrelated measures needed to be able to catch up technologically and benefit from FIRe include: (i) openness to international trade and investment, which can be useful vehicles for faster transfer of innovative ideas and technology; (ii) reduced anti-competition practices and more competition in key industries like ICT; (iii) better educated and more trainable workers and more flexible and less costly labor market regulatory environment; (iv) development of the education and training systems, including both Government and private sectors, that can efficiently and equitably produce malleable human capital; (v) accumulation of other types of complementary capital like institutional, organizational and physical capital; (vi) progressive establishment of a universal social protection system to keep the people secure, especially the poor and vulnerable, in the face expected unprecedented business and employment disruptions; and (vii) more investment in data collection, monitoring, testing and evaluation.
The opportunities and challenges are multifaceted and complex. To harness the FIRe, Government as a whole should systematically review and adapt its policies, institutions and development efforts in light of upcoming revolutionary changes.
Citation
Dadios, Elmer P.; Culaba, Alvin B.; Albert, Jose Ramon G.; Paqueo, Vicente B.; Jr., Aniceto C. Orbeta; Serafica, Ramonette B.; Bandala, Argel A.; Bairan, Jose Carlos Alexis C.. 2018. Preparing the Philippines for the Fourth Industrial Revolution: A Scoping Study. © Philippine Institute for Development Studies. http://hdl.handle.net/11540/8715.Keywords
Commerce and Industry
Intra-Industry Trade
Large Scale Industry
Labor
Technical Evaluation
Results-Based Monitoring And Evaluation
Performance Evaluation
Industrialization
Industrial Economics
Industrial Development
Industrial Policy
Technology assessment
Technological institutes
Employment
Information Media
Mass Media
Export Oriented Industries
Electronics
Computers
Telecommunications Industry
Manufacturing Industries
Microprocessors
Electronic Equipment
Communication Industry
Project impact
Development projects
Program management
Performance appraisal
Project appraisal
Microelectronics industry
Electronic industries
Digital electronics
Microelectronics
Podcasts
Music videos
Internet videos
Interactive videos
Videos
Video recordings
Capital market
Developing countries
Market share
Labor
Technology transfer
Cumulative effects assessment
Job analysis
Task analysis
Cumulative effects assessment
Grievance procedures
Participatory monitoring and evaluation
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