Innovation can change the course of whole economies and industries, and bring prosperity to the communities who most need it. Yet innovation is an inherently disruptive practice. It does not rely on the conventional wisdom that constrains industries to old methods, but it also lends itself to untested ideas.
As one of the fastest-growing economies in South-East Asia, the Philippines is well-positioned to innovate its way to success, despite the current crisis. A continuation of the successful "Build, Build, Build" infrastructure programme has the potential to reinvent the Philippines' public works, and continued foreign direct investment suggests an environment full of promise for businesses who are well-prepared for the future. In public policy too, the AmBisyon Natin 2040 shows a nation ready to set ambitious targets for its future economy, digital skills, and educational system.
In preparing for a bright future after the current pandemic, innovation supported by fact-based decision making must form part of the solution.
- How can businesses and policy-shapers alike ensure facts and evidence are central to disruptive new initiatives?
- How can they foster trust and transparency in decision-making processes to ensure these new ways gain widespread support throughout the Philippines, not just the political and financial center of Manila?
| 
