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The Philippines is among the most advanced countries in the World Economic Forum's Global Competitiveness Report, but their policing, infrastructure and workability are still lagging behind.
INEFFICIENCE OF THE POLICE. The World Economic Forum highlights the weakness of the Philippine police system and the high incidence of organized crime. Recall Photo File
MANILA, Philippines – The Philippines has remained globally competitive, ranking 56th out of 140 countries in the World Economic Forum's (WEF) latest Global Competitiveness Report, but lagged behind key indices such as crime and crime. infrastructure.
The WEF stressed that the country's institutions were the weak link in all indicators. The Philippines scored poorly in terms of terrorist (136th), police (123rd), conflict of interest (121st) and organized crime (120th) incidents. (READ: Rappler's murder in Manila)
"The report describes the Philippines as one of the countries – along with Nigeria, Yemen, South Africa and Pakistan – facing notable problems related to violence, crime or terrorism, and in which the police is considered unreliable, "said the WEF.
Graph from World Economic Forum 2018 Global Competitiveness Report
The infrastructure was also considered mediocre. Road connectivity (129th), exposure to unhealthy drinking water (101st), efficiency of train services (100th) and electrification rate (100th) were among the weak points of the country.
Health services in the Philippines ranked 7th out of 9 countries in the region and 101st in the world.
Businesses also continue to feel the effects of the country's weak infrastructure.
The time needed to start a business (115th), the cost of creating a business (97th) and the insolvency recovery rates (112th) remain weak indicators and are still considered disruptive factors for the conduct of business.
"While the time and cost of starting a business remain problematic factors for the business world, it is worth noting that the Philippines occupies an important place in electronic participation or the use of flat -forms online to link government information to citizens, "said Makati Business. The president of the club, Edgar Chua.
"With the law on the ease of doing business recently adopted, we remain optimistic that the government will be able to maintain these gains and respond to the concerns of business efficiency," he added. .
Strengths
The Philippines ranks 5th out of 9 countries in the Southeast Asian region.
The country has excelled in the labor market and macroeconomic stability, ranking third in the region.
Although inflation is at its highest level in nine years, the report indicates that the rate of change in inflation ranks first, on a par with 74 other countries.
The performance of the insolvency regulatory framework (8th), the internal mobility of the workforce (9th), and wages and productivity (10th) were also among the strengths of the country in the world.
"Hopefully we will see more business-government-university relationships to support the growth of priority sectors.This type of dynamic ecosystem has been pursued by other economies that can be improved in the Philippines," said Chua .
This year's rankings are not comparable to previous reports, as the World Economic Forum (WEF) has moved to a new competitiveness index, which "provides a compelling compass for finding long-term solutions to key economic challenges and short-termism." prevailing among governments, governments and businesses around the world. "
But the report also noted that when the current measures are applied to 2017, the Philippines has improved by 12 notches.
The WEF explains that looking at competitiveness is relevant because it shows the growing prosperity of a country and indicates those who are able to grow in a sustainable and inclusive way. – Rappler.com
