Our country is in a demographic spot with a young population averaging 25 years old and by 2050, the average will still be only 31 of approximately 145-148 million people; still a young, dynamic and productive population.
When this concept was put on the table by no less than Visionary Architect Felino “Jun” Palafox, the reactions from many of us were mixed and different. We feel it’s ambitious, and jokingly, we asked are we still alive by then?
Vision 2050 envisions the Philippines as one of the world’s industrialized economies. Jun, who leads the 49th Philippine Business Conference and Expo, believes that this vision, although quite ambitious, is attainable if we start laying down the groundwork this early. Another important component of Vision 2050 is having a progressive and educated workforce that spurs production and innovation, moving the country ahead. To effectively take advantage of the nation’s position and abundance of natural resources, a long-term plan with actionable activities must be set in motion.
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