Go to Countryside to Achieve Inclusive Growth

Businesses must go to the countryside to address the people’s apparent demand for “more drastic changes towards a more immediate inclusive growth,” declared Meneleo J. Carlos Jr., Resins Inc. President and Federation of Philippine Industries Chairman Emeritus, in his FPI Annual Report 2015-2016 message.

Mr. Carlos noted that FPI had “not only gone from advocacies to actionable plans and programs” but also “pointed out strongly” the “corrective measures” needed to achieve the following:

  • counter smuggling
  • protect consumers through product standards
  • alleviate poverty while mitigating climate change through reforestation
  • promote competition by scoring the Philippines vis-à-vis its regional neighbors

With regards to said measures, Mr. Carlos reported that FPI had “participated actively in the legislative mill, with government executive agencies, and in judicial exercises.”

Go to Countryside

However, he believed that despite all these steps taken, “much much more need to be done” to achieve immediate inclusive growth, and that to do this, one must “go directly to the countryside to create value there plus jobs.”

Mr. Carlos lauded the Board of Investments for “looking intensely towards adapting programs” geared towards “agriculture, forestry, and fisheries as labor intensive but renewable and sustainable activities” adding that much has to be done to enable these, such as “logistics and support services.”  He expressed confidence that these activities are achievable since “our ASEAN neighbors have done so.”

In the light of the “opportunities” presented by the activities, he invited FPI members to “check on how they can stretch their value chain to the countryside” and communicate their concerns to FPI President George Chua, a member of the BOI’s Industry Development Council, “so that your activity may be listed in the relevant supply chain that connects to our countryside.”  In this way, businesses can help build the country’s domestic markets given “rapid fluctuations” and “disappointing global markets,” he said.

The Resins Inc. President also stated that such undertakings can “create the opportunity for the young in our countryside to avail of the expanding school system for a more formal education that will prepare them for their future challenges.”

He cited predictions that by 2030, “60% of the world’s wealth creation will no longer be in the productive sectors but in the creative and service sectors where education is the key.”

Mr. Carlos concluded his annual report message by urging FPI colleagues to “think of the future needs to educate our children, and act now!”