Summary of "FEU Public Intellectual Lecture Series | Dr. Giovanni Tapang | Part 2"
The video emphasizes the importance of national industrialization in the Philippines to address the lack of industries, job opportunities, and self-sufficiency. Dr. Giovanni Tapang stresses the need to build industries, create domestic technologies, and prioritize the needs of Filipinos. The methodology presented includes building modern and diversified industrial economies, securing livelihood through job creation, producing basic needs locally, supporting Filipino firms, encouraging technology transfer, and balancing industrialization with agricultural modernization. The focus is on clean and sustainable industries, with heavy industries driving innovation. Science and technology should be tailored to societal and economic needs.
Methodology
- Building industries for a modern and diversified industrial economy.
- Securing livelihood by creating factories and job opportunities for people.
- Producing basic needs locally, such as tractors, transportation trucks, and clothing.
- Focusing on national industrialization for domestic production and economic stability.
- Providing public sector control over vital industries.
- Supporting Filipino firms through tariff protection, accessible credit, and government procurement.
- Encouraging technology transfer from foreign investors.
- Prioritizing land reform and agricultural development to address the needs of the majority engaged in agriculture.
- Balancing industrialization with agricultural modernization to support each other synergistically.
- Developing clean and sustainable industries to improve living standards and promote quick returns on investments.
- Focusing on heavy industries as the leading factor to drive innovation and new product development.
- Advocating for science and technology that is tuned to the needs of society and the economy.
Speakers
- Dr. Giovanni Tapang
