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Unraveling Economic Challenges: An in-depth Analysis of Issues Facing the Philippine Economy
... International research shows that entrepreneurship education significantly boosts students' self-confidence, entrepreneurial attitudes, and readiness for careers. Experiential learning methods such as mentorship and business simulations have proven effective in shaping entrepreneurship as a desirable and feasible career path [27] (Motta & Galina, 2023). Yet, studies on its specific influence within the Philippine context remain scarce, leaving a critical gap in understanding how cultural, socio-economic, and institutional factors interact to impact entrepreneurial intentions among Filipino students. ...
... In the Philippine context, Republic Act No. 10679, known as the Youth Entrepreneurship Act, institutionalized entrepreneurship and financial literacy education at all levels of education. This legislation aligns with the global frameworks, emphasizing the importance of education in fostering entrepreneurial skills and addressing barriers to entrepreneurship [34] (Villareal et al., 2024). Locally, Quiño et al. (2024) highlighted that entrepreneurship education tailored to cultural and economic realities improves students' entrepreneurial intentions by enhancing their perceived desirability and feasibility. ...
... This perception is shaped by personal attitudes, societal norms, and educational experiences (Shapero & Sokol, 1982). Entrepreneurship education has been shown to enhance perceived desirability by creating a positive attitude toward entrepreneurship and highlighting its potential benefits [27] (Motta & Galina, 2023). ...
Entrepreneurship education is essential for equipping students with the necessary skills and confidence to pursue entrepreneurial opportunities, thereby encouraging their engagement in entrepreneurial activities. This study investigates the influence of entrepreneurship education on the entrepreneurial intentions of business students in Cebu City, Philippines, focusing on perceived desirability, perceived feasibility, and the propensity to act. It emphasizes how education shapes students' entrepreneurial aspirations while addressing the challenges they face.A quantitative research design was employed, using Structural Equation Model (SEM) in the analysis of data collected from 300 business students from three different universities namely; University of San Carlos, University of San Jose-Recoletos, and Cebu Technological University. The data were collected using a structured questionnaire that captured demographic information, major constructs, and perceived barriers. It helped in determining the effects of entrepreneurship education on entrepreneurial intention directly and indirectly.The present study demonstrates that entrepreneurship education strongly influences students' perception of the subject as desirable and increases their intention to pursue entrepreneurial activities. These factors positively impact entrepreneurial intentions. Although perceived feasibility is moderately affected by education, it does not directly contribute to entrepreneurial intentions in this context. Key barriers identified include lack of capital, fear of failure, and market competition.This study underscores the importance of experiential learning methods, such as mentorship programs and business simulations, in enhancing the effectiveness of entrepreneurship education. By addressing perceived obstacles and promoting proactive attitudes, educational institutions can better prepare students for entrepreneurial success. The findings provide practical insights for designing educational programs that inspire and support aspiring entrepreneurs.
... The current job market exhibits heightened instability and uncertainty, especially impacting college graduates as they navigate their career decision-making processes [92] . The work landscape in the Philippines is characterized by elevated levels of unemployment and underemployment, leading to financial losses, social and psychological difficulties, and insufficient job security [93] . Employment challenges may arise when an individual lacks the requisite educational qualifications for a position, with certain jobs necessitating a high school diploma while others demand a far higher degree of education [94] . ...
Industry-school partnerships allow schools to align their curricula with the current demands of the industry, ensuring that students are equipped with relevant, practical knowledge that meets the needs of employers. Having collaboration with industry professionals, schools gain access to resources and expertise that might otherwise be unavailable, such as industry-standard equipment, specialized training, and real-world insights into job expectations. This paper explored the graduate program curriculum review discussions with key industry players through the lenses of social exchange perspectives. Curriculum designers (n=20) participated in one-on-one interview encouraging them to share their experiences in review discussions with their key industry players. Narratives were analyzed to identify recurring themes from participants’ experiences. Findings indicated that curriculum designers viewed their interactions with industry partners positively, recognizing the mutual benefits reflected from sharing knowledge, expertise, and resources. This positive exchange encourages collaboration, as both parties gain insights into industry trends and skill requirements, leading to the integration of relevant feedback into the curriculum. Social exchange theory (SET) underscored the reciprocity in these relationships, where the positive actions of curriculum designers—seeking advice and collaboration—were likely to be reciprocated by industry partners, reinforcing long-term cooperation. The study also revealed that negotiated exchanges, though more formal, were essential when aligning curriculum with industry demands, especially in terms of critical thinking and problem-solving skills. Notably, ongoing engagement and continuous feedback mechanisms help sustain these partnerships, creating an environment of trust, loyalty, and commitment that benefits both the education system and the industries that rely on it. Finally, formalized partnerships with long-term commitments, rather than one-off agreements, may be essential for aligning educational outcomes with evolving industry standards.
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