Companies deploying Fourth Industrial Revolution technologies, and investing in reskilling and upskilling for digital occupations, are likely to recover faster from the impact of the pandemic.
Sameer works on managing and providing ADB support in the areas of education, skills development, social protection and training. As an economist in Macroeconomic Division in ADB’s Research Department, he contributed to the flagship Asian Development Outlook. He spent close to 10 years at the International Labor Organization where his key areas of work included labor market diagnostics, labor market institutions and policies, enterprise dynamics and migration. He holds a PhD in Economics from the Graduate Institute of International and Development Studies (IHEID) in Geneva and has a master’s degree in public policy from Harvard. Follow him on Twitter: @Khatiwada_S
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After a difficult year during the pandemic, there are encouraging signs that workers in the Philippines will not only find employment but thrive in the post-COVID-19 labor market.
A well-trained workforce is more likely to spur innovation at companies. Firms that provide even minimal training to employees are nearly 8 percentage points more likely to introduce a new product and implement a new process.
A flexible regulatory regime that can balance consumer protection with an openness to innovations that benefit consumers is key to regulating new technologies.
India, Indonesia, the Philippines, and Thailand are paving the way for technology to make governance more effective.
Digital platforms and e-commerce can raise productivity, employment, and wages in the services sector.
By leveraging new technology, the Philippines can pave the way for sustainable and jobs-rich growth in business process outsourcing.