THE Philippines can ably compete in the
impending integration of the economies of the Association of the Southeast
Asian Nations (Asean) if the government pours more money for research and
development (R&D), government rice researchers said.
The
country “has to sharply scale up investments” in R&D to compete in the
Asean Economic Community, the Philippines Rice Research Institute (PhilRice)
said in a statement over the weekend. The government-funded group cited a
recent study by three University of the Philippines professors as the basis of
their call.
“If
increased investment in R&D is achieved along with other ongoing policies
and institutional reforms, the country’s economy could in time be on a stronger
platform to hurdle Asean challenges. This will [reduce the blow] in [the]
agricultural and manufacturing sectors,” PhilRice quoted the authors of the
study as saying.
In
their study Ernesto Pernia, Ramon Clarete and Gisela Padilla-Concepcion noted:
“Economic growth can be effectively sustained by spending for technological
innovation that results in new processes, products and markets, and innovation
in turn can come about from R&D made possible by economic growth.”
In
their paper titled “the Role of Science, Technology and Research in Economic
Development,” the top academicians said “substantial investments in R&D are
the drivers of sustained rapid growth and poverty reduction of East Asian
economies.”
They
cited these economies as Taiwan, South Korea and Hong Kong, “whose pattern is
also followed by the Philippines’s Asean co-founding members particularly
Singapore, Malaysia, Thailand and Indonesia.”
Underinvestment
in Philippine R&D, they said, could neither meet the country’s present
requirements nor the challenges posed by the Asean integration push.
PhilRice
also cited an earlier study of current National Economic and Development
Authority Director General Arsenio M. Balisacan, which says that “in
agriculture, R&D contributes to 25-percent yield growth in rice and that
the country needs to increase its public spending on rice R&D.”
An
attached agency of the Department of Agriculture, PhilRice also noted “the
rather slow-paced improvement in public spending on R&D in the Philippines
relative to other countries from 1996 to 2008.”
PhilRice
cited as bases the 2013 report of the International Food Policy Research
Institute based in Washington, D.C., and the Bangkok-based Asia-Pacific
Association of Agricultural Research Institutions.
Vietnam
is reported to have increased its public spending on R&D by over 270
percent, from $23 million to $86 million while the Philippines’s spending
showed only a 3- percent increase from $129 million to $133 million.
Alladin
S. Diega
Business & Investment Opportunities
Saigon Business Corporation Pte Ltd (SBC) is incorporated
in Singapore since 1994.
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