Does Domestic Regulation Promote Globally Competitive Filipino Professionals and Educational Services?

Almost every country has its own set of domestic regulations that determine how easy or difficult it is to pursue a freer movement in the trade of services. In the Philippine setting, how do the functions and powers of the country's two major regulatory bodies for professional and educational services affect the movement of these services as well as the quality of global competitiveness of Philippine higher education and professionals? This Notes discusses more on this.professional services, domestic regulation, educational services, Professional Regulation Commission (PRC), Commission on Higher Education (CHED)

Enhancing the movement of natural persons in the ASEAN region: Opportunities and constraints

The overall objective of the movement of natural persons (MNP) in the ASEAN region is to contribute to expanding trade in services and to deepening economic integration. However, the regional movement of human resources has proceeded beyond the expansion of trade and has persisted in response to labor market imbalances.Movement of Natural Persons (MNP),ASEAN Framework Agreements on Services (AFAS)

Industry Career Guide: Banking and Finance

The banking and finance sector performs a critical function in the Philippine economy as it is primarily responsible for the mobilization of domestic savings and the conversion of these funds into directly productive investments. Financing the needs of firms which desire to raise productive capacity by purchasing additional capital equipment, acquiring or leasing idle property, building and expanding factories, and increasing inventory are responsible for sustaining economic growth in the long term, alongside the creation of new jobs. It is very important for the banking and finance sector to continue finding ways to encourage households to save their unspent income in various financial assets so that these resources could be used and transformed into loans that will finance the expansion of directly productive business ventures

Sapat na ba ang Pagsesenyas Upang Tugunan ang Di-Pagtutugma sa Bilihan ng Paggawa

Sa harap ng maraming teorya at pananaw sa pagpapaliwanag tungkol sa pagkakaroon ng di-pagtutugma ng kasanayan, sa isang banda, at sa pangangailangan ng mga kompanya, sa kabilang banda, sa bilihan ng paggawa, ang di-timbang na impormasyon ang nangingibabaw na paliwanag. Subalit sa lawak ng impormasyong kinakailangan, at sa magastos na paglikom ng impormasyon, ang mekanismo ng pagsesenyas sa bilihan ng paggawa na isinasagawa ng pamahalaan ay maaaring magkulang sa pagsasara ng agwat sa impormasyon. Ang kakulangang ito ay nagiging lantad kapag lumalabas na ang ganap na impormasyon ay nangyayari lamang sa aktuwal na kapaligiran ng trabaho. Sa aktuwal na trabaho, nalalaman ng manggagawa ang mga hamon sa trabaho samantala ang mga kompanya ay nalalaman ang mga kasanayan at gawi ng manggagawa sa trabaho. Ang sanaysay ay susuri sa papel ng iba’t ibang aktor sa bilihan ng paggawa kung papaano sila tumutugon sa pagsagot sa di-timbang na impormasyon sa pamamagitan ng pagbabalik-tanaw sa mga mekanismo ng pagsesenyas sa bilihan ng paggawa na isinagawa ng mga pamahalaang kasapi sa APEC. Mula sa panig ng suplay, titingnan kung papaano ang mga institusyong pangsanayan ay nagbabago upang isara ang agwat sa impormasyon. Mula sa panig ng demand, ipaliliwanag kung bakit ang mga kompanya ay malamig sa pagsasara ng agwat sa impormasyon sa bilhan ng paggawa. Ang gastos sa pagsasanay at muling pagsasanay ay napakalaki para sa mga kompanya. Maliban sa gastos sa pagtugon, ang motibasyon o dahilan sa pagtatrabaho na hindi lumalabas sa pagsesenyas ay maaaring magpaliwanag sa pagpapatuloy ng di-pagtutugma

Pangangapital Sa Yamang-Tao: Susi Sa Pagsulong Ng Rehiyong Asya-Pacifico

Maraming akademiko ang naniniwala na ang mga pagbabago sa pagpasok ng ika-21 siglo ay nakatuon sa mga isyung natutungkol sa rehiyon ng Asya-Pasipiko. Ang mga tantiyang ito ay nakabatay sa mga makabuluhang pag-unlad ekonomiko at pagbabagong pulitikal na naranasan ng rehiyon sa mga nakaraang dekada. Sa hinaharap, tinataya na ang istruktura ng lipunan, ekonomiya at demograpiya ng rehiyon ay huhubugin ng ilang mahahalagang salik, kasama na ang pag-angat ng dalawang pinakamataong bansa sa mundo, ang Tsina at India, ang mahalagang papel na ginagampanan ng mga inobasyong teknolohikal na nagaganap sa mga papasulong na ekonomiya hindi lamang sa Japan at Korea at ang pagpapalawak ng bilihan sa rehiyon bunga ng sumisiglang ekonomiya ng maraming bansa sa ASEAN. Sa kasalukuyan, ang rehiyon, kasama ang pinagsama-samang ekonomiya ng Pasipiko na kinakatawanan ng APEC, ay bumubuo sa tinatayang kalahati ng kabuuang GDP ng mundo at pandaigdigang kalakalan

Linking Global Competitiveness, Higher Education, and Foreign Direct Investment Inflows

Foreign Direct Investments (FDI) has contributed to the accumulation of capital and the improvement of the economy’s productive capacity through the incorporation of new inputs and modern technologies in the production process. Neoclassical and endogenous growth models have been widely used to empirically test the benefits of FDI (Almfraji & Almsafir, 2014). However, results of testing theoretical benefits are varying from regions, countries, and industries. Conflicting relationships and impacts range from significant to non-significant, positive to negative impacts, directly or indirectly. Despite that, FDI inflows have still been recognized to influence employment and wages, infrastructure development, human capital development, technology transfer, and promotion of trade which could have a short and long-term effect on economic of growth of a country. Recognizing the impact of FDI on the development of an economy, many researchers tried to elucidate the factors that encourage foreign countries to invest in a specific economy

Research Performance of the ASEAN University Network Member Universities

The purpose of this research paper is to describe the research outputs of the member universities of the ASEAN University Network (AUN). The paper is an inductive type of research that used a variety of information from Scopus to determine what AUN member universities are actively writing about. The author captured data from 1997 to 2017 from scopus.com to analyze what the AUN member universities and their respective countries have been studying. Results show that almost 50% of the total research outputs of all the ASEAN nations are contributed by the AUN member Universities, with Singapore’s NUS and NUT contributing 76% of Singapore’s total research outputs, while the Philippines’ DLSU, ADMU, and UP contributes 50%. Wealthy nations such as Singapore and Malaysia have been focusing their researches on engineering and computer sciences while countries like the Philippines, Laos, and Cambodia have been researching about agriculture and biological sciences. Another study can be conducted to show research activities of the different universities all over Asia, including those that are not part of the ASEAN University Network

Pagtugon sa Sari-saring Panganib: Mga Aral Mula sa mga Krisis Pananalapi

Nitong nakaraang dalawang dekada, nakaranas ang mga ekonomiya sa iba’t ibang bahagi ng mundo ng tatlong matitinding krisis pananalapi. Ang mga ito ay nagdulot ng malalawak na pinsala sa mga mamamayan, pamahalaan at mahahalagang sektor ng ekonomiya lalo na sa sektor ng pananalapi. Ang pagkalat ng krisis pananalapi tungo sa isang malawakang krisis ekonomiko ay nakasalalay sa sektor ng pananalapi lalo na ang pagbabangko. Makikita na maraming sa mga sanhi ng krisis ay nakaugat sa di maingat ng pagbabangko. May mga pagkakataon din na ang krisis ay hindi nagmumula sa mga bangko. Ngunit dahil ang mga bangko ay pangunahing sektor sa pagpapatakbo ng ekonomiya nagiging mahalagang daluyan ng krisis ang mga bangko

Resurgence of Bundling Mechanisms in Digital Services Trade

The expansion of trade through centuries was pushed through a great extent by the unbundling of commodities from various factors that prevent them from being traded globally. The use of the steam engine in shipping, for example, ushered in the rapid expansion of 19th-century trade as transport cost was drastically reduced and countries realized interspatial cost differences across the Atlantic. The previous untradability of services, on the other hand, was broken by various dimensions of globalization that separated the simultaneous production and consumption of services. This unbundling rapidly boosted global trade in recent decades. However, growing developments and innovations in ICT are creating new bundling mechanisms. The essay will identify how these new bundling mechanisms have emerged and their implications on services trade and other dimensions of human development

Can the Philippines' Human Resource Base Meet the Challenge of a Liberalized Financial Sector?

Is the Philippines ready to face foreign competition in the financial sector? Does it have enough supply of professionals who are capable of meeting the human resource requirements of domestic and foreign financial corporations in this kind of liberalized environment? Professor Tullao seeks to provide the answers in this Policy Notes.financial sector, financial liberalization, human resource development