In this modern age, the
question of economic growth is at the forefront of this generation’s subject
matters. Can the Philippines really depend on the current economic system and
educational system for better outcomes?

 

            The Philippines has always relayed on industrial growth
in the past and even until this point in time. Continuously depending on
citizens becoming employees for the capitalists that are growing within the
nation. International and domestic companies alike, the Filipinos have always
focused on becoming employees rather than becoming the employers. Becoming more
willing to save for investments will matter in the long run.

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            The entrepreneur is the key to economic growth (Opines,
2005) p. 39-45. That is a clear statement that entrepreneurship can and will
lead to prosperous outcomes for a state and society in general. That being
said, economic growth has always been within the reach of Philippine
perspective and more efforts must be done to ensure that it does.

 

 

A recent study in
Philippine context has been made regarding entrepreneurial ventures and it has
proven to be most satisfactory. A graduate of Harvard Business School stated,
that there is a lack of entrepreneurial insight in University perspective
(Valencia, 2016). How can the Philippines attain growth and focus on the
educational system for entrepreneurial knowledge? Today’s youth is more focused
on getting the right job and progressing on just that job alone. Why not try to
innovate and open up to more possibilities? This is a challenge to not only the
youth of today’s society, but also to all Filipino citizens in order to achieve
a faster growing economy.

 

            Noted by an economic author, there are seven ways that an
entrepreneur can help economic growth, this was based on a research gathered
from all over the US. The author stated, that economic growth will be affected
by entrepreneurial involvement. (Sappin. 2016). Fields on commerce,
investments, employment opportunities, technology, environmental challenges,
socio-economics, and even bridging the competition for more factors of economic
growth.

 

            Hence, the researchers are there for interested on the
study that aims to improve the economic entrepreneurial mindset. This will pave
the way to future entrepreneurs that will re-shape the economy of the
Philippines. As markets grow, entrepreneurship would lead to innovation, which
would then lead to an increasing division of labor and productivity. More
entrepreneurs will lead to more businesses and more jobs for the people of
society.

International Studies is a
course that is diversely involved in the major issues of society. Capitalism
and Innovation are vastly important theories that partly relies on the
importance of entrepreneurial competence in achieving stability. This topic is
not new in Philippine perspective. At present, the Philippines must heavily
rely on entrepreneurial competence for stability and these theories must
support the claim of its effects.  This
research will be heavily supported by researches based on capitalism and
innovation for the effects that it will have on a state and its people.