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Saturday, September 06 2008

 

LAW AND PHILOSOPHY MATTER(S)
By Atty. Emmanuel Q. Fernando
Economic competitiveness

 
Given the present global economic system, nations that thrive financially provide the world products of higher quality more cheaply and efficiently than any other country does. This means that the Philippines must locate those areas in which it can produce goods competitively.

I conceive three prime areas wherein we can be successful and excel and it behooves the government to support corporations that concentrate on and develop them.

The first area that comes to mind concerns service industries. We are a nation known to provide quality health care and attention; the competence, care and concern our nurses provide their patients in hospitals worldwide are legendary. We should also do so in the Philippines.

Sadly however, the service we provide at home pales in comparison. Filipinos who have been at the hospital or even customers treated by sales ladies in department stores can attest to the inefficiency. It seems to be the case that Filipinos, as immigrants, excel. They know how to adapt and take advantage of the new environment so as to advance their situation. When at home, however, it is back to the same old bad habits, realizing that efficiency and good service are inadequately rewarded.

Retirement and nursing homes, with an alternative-medicine component, thus come to mind. We can attract Filipino balikbayans or even Japanese, Korean or Chinese retirees, desirous of spending their last days in comfortable surroundings, to live in these homes. The homes can be in a total-community setting, with a shopping mall, a golf course, a beach and the like, where the community members will have all their basic needs and leisure activities addressed.

The community need not cater only to permanent retirees. They can also serve as week-end retreats available to those eager for a golfing week-end in the sand and sun.

I do not have much optimism about the associated industry of tourism, and thus will not include it among the prime areas for development. This is not to say that it does not need improvement, for it does. We are woefully behind South East Asian countries in selling the beauty of our country. Far fewer tourists frequent our shores and about half of them consist of balikbayans anyway. So there is room for much improvement. The beach-going backpackers are not exactly ideal clientele. We should aim higher for the more sophisticated traveler, who is capable of spending more.

The next area lies in our rapidly growing business process out­sourcing (BPO) industry. Although there has been a great advance, we are still lagging behind India. A step in the right direction is that we are progressing towards higher-end activities, leaving the lower-end BPO services to be provided by Vietnam, for example.

But there is still much to conquer. In the legal process out­sourcing industry (LPO), which incidentally I am involved in and am trying to develop in a project sponsored by the Chief Justice Enrique M. Fer­nando Foundation called Excellence in Magistracy and Fidelity to Law Research Project (EMF Law Research Project), India is way ahead of us. But we have the technical expertise to encroach upon their territory and even surpass them. Hopefully, by this time next year, we will have more to brag about with respect to the growth of our LPOs.

Finally, there are medicinal plants. Our forests thrive with them. We must learn to locate those plants that foreign drug corporations are eager to purchase as ingredients in the drugs and herbal medicine they produce and then establish farms that will grow these plants for them.

This need not depend on the technological development of our medical industry. We merely have to rely on multinational drug companies which know which plants are ingredients of potent and healthy drugs. Perhaps later on, we will develop the medical and chemical expertise to manufacture our own drugs. Right now it is only feasible to market them.

I too intend to be involved in such an industry. The ecovillages that the Enrique Q. Fernando Foundation are instituting under the project called ENVIRONMENTAL QUALITY FURTHERANCE (EQF) Project, will focus on herbal plants as a source of live­lihood for the community.

Government support is needed in all these prime areas. This is what government must contribute to our economy. It need not directly be involved in production; it must only identify those areas in which Filipinos can be competitive and make it easier for the entrepreneurs involved to excel in those industries by providing financial and tax incentives, locating foreign markets, financing research, affording information and knowledge, and improving local skills in these endeavors.

totoqfernando@hotmail.com

   
 

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