Sector Drivers of Growth and Development

 

SMALL AND MEDIUM ENTERPRISE DEVELOPMENT COMPETITIVENESS, COMPETITION POLICY, AND SHARED PROSPERITY  SECTOR DRIVERS OF GROWTH AND DEVELOPMENT

Sector Drivers of Growth and Development

The AIM RSN PCC regularly conducts research on sectors and industries that drive Philippine growth and can contribute to shared prosperity. Studies on these sectors typically contain presentation and analysis of relevant data, insights gleaned from interviews and discussions with sector representatives, and discussion and policy recommendations.

Information technology-business process management (IT-BPM)

The AIM RSN PCC examines whether IT-BPM's strong growth and steady labor demand can help promote shared prosperity and inclusive economic growth. It looks at opportunities presented and challenges faced by this sector in its potential to provide gainful employment and human development.

The Philippine IT-BPM sector brought in revenues of USD 22 billion and employed around 1.2 million full-time workers in 2015, accounting for 7.3 percent of Philippine GDP. The sector offers competitive starting salaries and attractive bonus packages while also maintaining low barriers to entry for job applicants without college degrees.

Technical vocational education and training (TVET)

The AIM RSN PCC is currently looking into TVET's capacity to develop Filipinos' skills, particularly for jobs in IT-BPM. Using a series of key informant interviews and a round table discussion with representatives from the government, educational institutions, and IT-BPM firms, the Center attempts to assess whether training can help improve hiring rates in the industry and contribute to a shift towards higher-value work.

Meetings, Incentives, Conventions, and Exhibitions (MICE)

In 2015, the Philippines was ranked 49th in the world by the International Convention Association Statistics Report for MICE, down from 8th in a 1982 ranking by the Union of International Associations. The country has the potential to reclaim its position as an international destination for conventions and exhibitions due to the Philippines' unique geography and tourist attractions, among other factors.

The Center prepares an assessment of the MICE industry to assist the Department of Trade and Industry (DTI) and the Philippine Association of Convention/Exhibition Organizers and Suppliers, Inc. (PACEOS) in developing the domestic MICE sector.