The Philippines has not benefited or developed from over 50 years of a semiconductor industry in the country. How will this be any different under Pax Silica?
The PH has not benefited from over 50 years of a semiconductor industry in the country. Despite billions in foreign investments, semiconductor manufacturing remains low value-added while foreign firms reap huge profits. How will this be any different under Pax Silica?
Third quarter economic growth is the slowest in 17 years and combines with the worst inflation and unemployment in the region to make the Philippines the economic laggard of Southeast Asia.
The jobs crisis will persist as long as the Marcos administration remains fixated on attracting foreign investments and shaping Filipino workers’ skills to serve profit- and market-driven demands.