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

Edneil Jocusol

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Photo by Rob Lambert on Unsplash

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 which is by adaptation. Locals who have been exposed to MNCs or multinational corporations’ R&D culture could eventually apply the skillsets and know-hows to other fields of knowledge, and this is free of charge. Take the learning transfer method by Elon Musk, for instance. This is one of his secrets why he is so good with so many things. He deconstructs a concept down to its rawest form, then reconstruct the pieces to a new discipline of knowledge. Fast forward we have Tesla, SpaceX, Neuralink, Paypal, Open AI, and The Boring Company.

By allowing MNCs to flourish in the Philippines at a certain degree or threshold, our country could rise on top of its game when the new normal kicks in. This is assuming the Philippine economy would open once 70% of its population get the vaccine and the rest were protected under the hood of herd immunity. People would need jobs. The financial dent caused by the pandemic’s long existence would have damaged the lives of the…

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Edneil Jocusol

I write my observations on society, business/entrepreneurship, and technology/engineering.