MMDA (@mmda). The use of ICT, the Internet, and social media can even be argued to have been key to the election of President Benigno S. AquinoIII.
ICT has also been a boon to the Philippine economy, even in spite of an annualtelecommunications investment of only 0.014 % of the GDP.
Through fast and reliablecorporate networks, the BPO, ITO, and other outsourcing industries have contributed USD 11 billion in export revenues, or an estimated 5.4% to the country’s GDP in 2011.
The salary scalesof the average knowledge worker ranged from P10,000 to P100,000 in 2006,
lessening the pressure for college graduates and professionals to seek employment abroad.According to a 2009 World Bank study of ICT’s impact on economies, for every ten percentage-point increase in high-speed Internet connections there is an increase in economicgrowth of 1.3 percentage points—contrast this with 0.8 percentage point increase in economicgrowth per ten percentage point increase in mobile phone subscriptions.
Further economicgrowth can be expected if the Philippine business environment provides for the healthy growthof Internet and ICT infrastructure and services.Shortly after the Internet was first used in the country in 1994, legislators have craftedmeasures to ensure the protection of the public, such as the Electronic Commerce Act (R.A.8792) and the Data Privacy Act (R.A. 10173). Unfortunately, there remainslegislation thatconfines the Philippines to 20th century capabilities in this 21st century information society.Clearly, laws that have an impact on cyberspace must address the realities of the present and thechallenges of the future.International treaties, agreements, and conventions, such as the UN Convention AgainstTransnational Organized Crime, the International Convention for the Suppression of the
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"Information and Communication Technology (ICT) Investment in Economically Developing Countries," Negash,31 December 2006.http://www.academia.edu/400086/Information_and_Communication_Technology_ICT_Investment_In_Economically_Developing_Countries
"After dominating call centers, Philippine IT-BPO seeks world leadership in four more fast growing services,"DOST-ICTO, 30 January 2012.http://www.dost.gov.ph/index.php?option=com_content&view=article&id=1096
"An Input-Output Analysis of the Philippine BPO Industry",Magtibay-Ramos, Estrada, Felipe, 2 October 2007.http://www.nscb.gov.ph/ncs/10thNCS/papers/invited%20papers/ips-02/ips02-03.pdf
"Information and Communications for Development 2009: Extending Reach and Increasing Impact,"World Bank,22 July 2009.(permanent URL:http://go.worldbank.org/NATLOH7HV0; onlinereading:http://issuu.com/world.bank.publications/docs/9780821376058