GOOD things come to those who take care of their human capital.
Data from an HSBC-commissioned report titled “The World in 2050” revealed that “emerging economies will collectively be bigger than developed economies” and that 19 of the 30 largest economies in 2050 will come from developing countries, even overtaking current economic superpowers.
The multinational firm’s study also showed that nations with small populations, as in the well-developed economies in Europe, will “find themselves slipping rapidly down” in the next few decades.
These forecasts directly belie Reproductive Health (RH) bill advocates’ claims that controlling the population will address and eradicate the country’s inter-generational poverty.
What RH proponents missed out is that the bill, which they contend to be a health measure but is in fact a means of population control, only hastens Filipinos’ extinction and poses a serious threat of plummeting human resources due to an aging population.
Labeling productivity as synonymous to workforce health or life expectancy, the projection says that while “…it will be worthwhile investing years getting yourself educated… a population that lives a long time but spends a large period of time in retirement could place a burden on the working population.” Thus, it adds, those with the highest fertility rate gets a significant and robust boost in the workforce in the coming years.
However, nothing comes that easy, the Philippines must begin establishing its anchorage in order to have a strong hold of the promising future the study predicts.
Foremost, the Aquino administration must eye a more efficient allocation of domestic resources and catapult local businesses or products to foreign competition. Resources need to be maximized to attain a higher productivity rate, and lower wastage percentage, and eliminate balance of payments (that is, if the system will not be riddled by corruption in the next four decades).
If it succeeds in doing so, then efficiently monitored resources can finally reach the scholastic desideratum of the people, especially of those who profess and protest their being in the poverty group.
When the government is able to offer quality education to most of the people, then it is ready to invest in acquiring more technologically advanced equipment from which well-educated men may start innovating from.
A large population means larger possibility of having more men and women with sufficient training and education that is why the current state of Philippine demographics isn’t a bane, but a boon.
The Philippines needs a clear scheme on education, it doesn’t need empty homes.
