3. Introduction
• Education in every sense is one of the fundamental factors of
development. No country can achieve sustainable economic
development without substantial investment in human capital. Education
enriches people's understanding of themselves and world. It improves
the quality of their lives and leads to broad social benefits to individuals
and society. Education raises people's productivity and creativity and
promotes entrepreneurship and technological advances. In addition it
plays a very crucial role in securing economic and social progress and
improving income distribution.
4. WHY IS A GOOD EDUCATION IN THE PHILIPPINES NOT PAYING
OFF WELL IN THE ADVANCED ECONOMIES OF THE WORLD?
• Singapore, Malaysia, India and most of the other former British
Commonwealth countries have globalized their respective educational
systems upon the onset of globalization.
• To bridge the education curriculum gap with the advanced economies, these
countries infused into their educational systems internationally recognized
British standards for secondary and higher education.
• The International General Certificate of Secondary Education (IGCSE) is an
internationally recognized qualification for high school students, typically in
the 14-16 age group. The IGCSE subjects are taught in the international
centres and schools examined here in the Philippines by CIE.
5. WHY IS A GOOD EDUCATION IN THE PHILIPPINES NOT PAYING
OFF WELL IN THE ADVANCED ECONOMIES OF THE WORLD?
• The Pre-University program, a two-year program in general education that prepares
the student for higher education in notable universities in the west, had been infused
into the higher education systems of Singapore, Malaysia and India, etc. or the use of
A-Levels.
• In practical terms, the moves of these countries mean that their citizens who finished
secondary education in their local curricula and who wish to pursue university studies
in the advanced economies might as well take their two years of Pre-University
studies locally instead of taking them in the target country-university
• these students decide to stay and work in the country where they complete their
university studies, they have a good competitive edge in getting much better job
positions
6. THE PHILIPPINES’ REGIONAL POSITION
• There are numerous indices that measure an economy’s efficiency and sophistication.
However, four indices, taken collectively, give us a fairly good idea where the country
stands
• In this index, the Philippines rose from a lowly 85th position in 2010 (out of 139
countries ranked) to a high of 47th position in 2015. It slipped to 56th position in 2017.
• Within ASEAN, the Philippines is in the lower rung competitive nations, better only
than Laos, Cambodia, and Myanmar.
• Among the indicators it measures are the number of hours and steps it takes to register
a business, obtain government permits, install electricity, apply for credit, pay taxes,
and trade across borders, among others.
• The Philippines rose from 148th position in 2010 (out 183 countries evaluated), to 99th
position in 2016. Again, it slipped to 113th position in 2017.
7. Long View
Filipinos wish to enjoy a “matatag, maginhawa, at
panatagnabuhay.” This collective long-term vision was
revealed in a series of focus group discussions and an
extensive nationwide survey that asked about the
aspirations of Filipinos by 2040. Filipinos want to
spend time with family, friends, and their community.
8. AmBisyon Natin 2040: The Vision, Our Ambition
These areas are:
a) Building a prosperous, predominantly
middle-class society where no one is poor;
b) Promoting a long and healthy life;
c) Becoming smarter and more innovative;
and d) Building a high-trust society
9. REALIZING THE VISION
With the right policies, improvements in productivity
and efficiency can more than triple the gross national
income per capita of the country in 25 years. This will
allow the majority of Filipinos to enjoy a middleclass
standard of living. Without reforms, however, per
capita income can only double over a period of 25
years.
10. The PDP 2017-2022 that takes off from the
Administration’s 0-10 Point Socioeconomic Agenda is
the first medium-term plan anchored on AmbisyonNatin
2040 following EO 5, s. 2016. The current Plan aims to
lay a stronger foundation for inclusive growth, a high-
trust society, and a globally-competitive economy
toward realizing the vision by 2040.
The Philippine Development Plan 2017-2022
11. To plan appropriately for the future, it is
important to be familiar with the inter-related
trends in various areas such as economics,
politics, demographics, technology, and
environment, both at the international and
regional levels.
Global and Regional Trends and Prospects
12. Global economic growth is assumed to remain
sluggish without an immediate prospect of
renewed vigor.
Economic Trends
13. Internet of Things
Big data analytics
Artificial intelligence
Neurotechnology
Nano/microsatellites
Upcoming Disruptive Technologies
Nanomaterials
Additive manufacturing
Energy storage
technology
Synthetic biology
The Blockchain
14. Levelling the Playing Field through a National
Competition Policy
By 2022, the Philippine market will be more
efficient and competitive, where small
entrepreneurs and firms thrive besides larger
players, hence allowing consumers to have
better and wider choices of goods and services
15. Strategies
The National Competition Policy (NCP) needs
to be formulated and implemented in order to
achieve the sector’s expected outcomes of
improving consumer welfare and market
efficiency.
16. To diminish anti-competitive practices, reduce barriers to entry, and
reduce limits to entrepreneurship:
• Review potentially anti-competitive legislations and policies that may
significantly prevent, restrict, or lessen competition.
• Analyze competition issues in priority sectors.
• Investigate conduct and agreements that may greatly prevent, restrict, or
lessen competition.
• Promote competition-related policies and best practices.
• Conduct capacity-building activities for government agencies and other
institutions
• Institutionalize a mechanism for implementing the NCP
18. 1. To be Globally Competitive, We Must be Globally Competent
2. Basic, Higher, and Technical Education
3. Basic Education
4. Raising the quality of education remained a challenge
5. Efficiency improved at the elementary level, with mixed results at the
secondary level.
6. Higher and Technical Education
19. 7.The higher education system is beset by stubborn issues which, in
light of 21st century challenges, require urgent, tactical, and
transformative solutions
8. The passage of laws, such as the K to 12 and the Green Jobs Act,
and commitment to international frameworks, require the allocation
of resources for emerging needs
9. Domestic and global developments, such as the K to 12 program
and the ASEAN integration, require strengthening the academe-
industry linkage to prepare Filipinos for the changing world of work
20. Summary and Conclusion
Science, Technology and Innovation (STI) plays an important role in
economic and social progress. It is a key driver of the long-term growth of
an economy. Thus, the Advancing Science, Technology, and Innovation is a
major key to a country’s economic growth.
Just as important, STI can lead to the creation of new public goods and
services (or new methods of delivering public goods and services) that will
help address the needs of society, especially of the disadvantaged,
including in the areas of health, education, energy, disaster resiliency, and
climate change adaptation, among others.