NEW NORMAL: The Philippines Must Learn to “Normalize” Acquiring “New” Technologies
In the race called survival of the fittest, the one who learns to bend reaches the farthest
Let’s face it. The Philippines is a sleeping giant of technological spillovers (Aldaba & Aldaba, 2010). Our people’s skills are competent with that of Western powerhouses. Unless this statement is challenged, our country would never realize its full potential. We are Maharlika. Long before we were colonized, the Philippines had its kings and queens. We have huge deposits of gold. Our people are highly-educated. We fought blood war with pen. We are highly civilized. We were. Back then.
And now we are at the mercy of the powerful nations. The Koreans look down on us because of our colors. The Arabs think most of the skilled workers coming from the Philippines are maid. Demoralizing stories here and there make the headline and nobody dares to tackle taking advantage of the ruins they have left for us. Let me be the first.
The Nature, Benefits, and Costs of Foreign Direct Investments (FDI)
Technological spillovers happen when superior technologies from FDIs were directly or indirectly transferred to local companies in many forms. One of…
