Doing Business in the Philippines: The Most Problematic Factors
Just recently, the World Economic Forum released its Global Competitiveness Report for 2007-2008. The Philippines is ranked 71 in the Global Competitiveness Index rankings. This is definitely not something to be happy about, as the Philippines is 71 out of 131 countries/economies ranked, and lagging behind its neighbors, including Korea (11), Taiwan (14), Malaysia (21), Thailand (28), India (48), Indonesia (55), Vietnam (68) and Sri Lanka (70). The more interesting aspect of the Report is the portion on The Most Problematic Factors for Doing Business in the Philippines. It’s very significant to note that the top half of the perceived problems — the worst problems — are attributable to the government. Read the rest of this entry.