Research & Development..for me that's the only area where we can catch up fast with the rest of the world..if the First World countries have the economic advantage, what we must do is to produce intellectuals and research into new and innovative technologies and then present it to the market and hopefully this will attract investors..
Education is a very important factor in this as well as support from the government..unfortunately, our educational quality has still a long ways to go before we can compete with other countries and only if the DOST would support many young researchers out there and not let their ideas/projects go to waste..
Remember a few years back when a water-powered car was reported on tv? The inventor/developer presented his project to the DOST in hopes that the government will support it but he was ignored later on and then he finally said that he would have to settle in selling his technology to a company in Japan since he cannot hope to fund it by himself for a long time..since then i have not heard what happened to him and his project..it is such a waste since i have not yet seen a hydrogen-powered car like his in the market that uses water as the stored fuel instead of pure hydrogen..if we were able to develop it, no doubt it would have attracted the attention of large companies and investors..




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