Is Philippines Ready for 4th industrial revolution?

The short answer is: No. At least, not yet. In WEF’s 2018 Readiness for the Future of Production Report, the Philippines was classified as a “legacy country,” meaning we currently have a strong production capacity.

What is Philippine Industrial Revolution?

The Industrial Revolution that started in Europe and North America at the beginning of the 19th Century took some time to reach the Philippines. Throughout much of this period, the Philippines remained rural with most of its economic output focused on farming and agricultural products to support the Spanish Empire.

When did the Philippines start industrialization?

The Philippines was part of that catching-up, which continued during the interwar years 1920–1938 and during the import-substitution-industrialization (ISI) years 1950–1972. The country began to deviate from the pack in the 1980s, however, leaving the industrial catching-up club in 1982, never to reenter.

Is the Philippines industrializing?

Philippine Economy

The Philippines is primarily considered a newly industrialized country, which has an economy transitioning from one based on agriculture to one based more on services and manufacturing. As of 2019, GDP by purchasing power parity was estimated to be at $1,025.758 billion.

What is education 4.0 in the Philippines?

An Education 4.0 facility is a facility that allows the use of advance technologies including robotics, IoT, digitalization, automatization, and teleconferencing to name few. It is a facility that produces workers who can be competent to work in the modern world.

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What are the disadvantages of Fourth Industrial Revolution?

The cons of the 4th industrial revolution

  • Inequality. It is all about who gets the benefits of these technologies and of the results they help produce. …
  • Cybersecurity risk. …
  • Core industries disruptions. …
  • Ethical issues.

How does the fourth industrial revolution impact our daily lives?

One of the main effects of the Fourth Industrial Revolution is increased human productivity. With technologies like AI and automation augmenting our professional lives, we’re able to make smart choices, faster than ever before. But it’s not all rosy, and we’re not trying to sugarcoat things for you.

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