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
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
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!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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