The giant Toshiba of Japan is selling its TV division to Chinese Hisense company, and it may sound like China is gaining more of technology transfers for its advantage.
To see such gains of China's agressive savvy on technology, there is a feeling that sooner China may become not only the giant economy of the world, but a world leader itself in technology made by these acquisitions happening overtime.
In retrospect, the Philippines is not gaining any major foothold of technology transfers in the meantime, and we are losing the advantage over other nations who'd been attracted to infuse businesses and manufacturing involved in high technology products.
The view of the situation in general is just dreadful on our part who continued to refuse to engage in high end products of manufacturing in the hope that we should become sustainable and self-reliant. Without technology transfers, self-reliance is far fetch to come.
We even refuse to industrialize our economy, that makes the question even more difficult to address the situation of gaining high end manufacturing for the benefit of our sustainability and developing our exports.
The continued acquisitions of China is alarming to the point that someday this giant nation will utterly become the first in the world, where first they've done these things thru piracy , trying in their jest to gain.
What can we do in the Philippines?
Since we have a nerve breaking loss in technology, and our GDP is direly low, we need to act now to avert ourselves of loss in the future of being purely depended offshore which is not a suitable condition. We must create our future of security and strategically that will guarantee our survival as a nation.
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