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Full-Text Articles in Business
Artificial Intelligence And Its Potential Adverse Impacts On The Philippine Economy, Krista Danielle Yu, Caesar Cororaton, Joel P. Ilao, Charibeth K. Cheng, Kathleen Aviso, Christina D. Cayamanda, Michael Angelo B. Promentilla, Ringgold P. Atienza, Roman Julio B. Infante, Raymond R. Tan
Artificial Intelligence And Its Potential Adverse Impacts On The Philippine Economy, Krista Danielle Yu, Caesar Cororaton, Joel P. Ilao, Charibeth K. Cheng, Kathleen Aviso, Christina D. Cayamanda, Michael Angelo B. Promentilla, Ringgold P. Atienza, Roman Julio B. Infante, Raymond R. Tan
Angelo King Institute for Economic and Business Studies (AKI)
Recent developments in artificial intelligence (AI) and deep learning techniques are expected to reshape the nature of the working environment in many economic sectors through the automation of many white collar jobs. This technological breakthrough poses threats of job obsolescence in several industries, particularly for a labor abundant country such as the Philippines. With human capital as one of its largest resources, the services sector is a major contributor to the country’s economy, contributing around 60% of the total gross domestic product and employing about 22.8 million workers (Philippine Statistics Authority, 2017).