Boosting the labor-intensive manufacturing sector could hasten poverty alleviation and help achieve inclusive growth in the country, the top official of the Philippine Institute for Development Studies (PIDS) said Monday.
According to PIDS president Josef Yap, the manufacturing sector creates more jobs for less-educated persons, who are found to have higher poverty incidence levels.
“A more dynamic manufacturing sector in the Philippines would have provided more higher-paying jobs to the less-educated workforce, thereby making poverty reduction faster,” Yap said during the launch of the 10th Development Policy Research Month.
The government is facing the challenge of attaining inclusive growth that generates massive employment and significantly reduces poverty.
Other reasons for non-inclusiveness and poverty include poor infrastructure, inequitable access to health and education, lagging performance of small and medium enterprises and weak institutions, Yap added.
The manufacturing sector has not benefited from intra-regional trade because the country is stuck in low-value added industries such as semiconductors and assembly-type activities, said Rafaelita Aldaba of PIDS.
However, she is optimistic that the country’s manufacturing sector can be revitalized, given its potential and the current macroeconomic stability which was lacking in the past.
She said the think tank is crafting an integrated manufacturing road map that will identify barriers and measures to develop local industries. –Ana G. Roa, Philippine Daily Inquirer
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
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Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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