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Philippine Competitiveness Update: The 2019 World Competitiveness Yearbook Results

Posted: 2019-05-30

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2019 Philippine Competitiveness Update PPT

The Asian Institute of Management Rizalino S. Navarro Policy Center for Competitiveness (AIM RSN PCC), in partnership with the Konrad-Adenauer-Stiftung (KAS) Philippines held a public forum entitled “Philippine Competitiveness Update: The 2019 World Competitiveness Yearbook Results” on 29 May 2019 at the Asian Institute of Management Conference Center Manila, Makati City. The event launched the results of the 2019 World Competitiveness Yearbook (WCY) for the Philippines. It also provided a venue for discussion among government officials, academics, and business stakeholders.

Mr. Tristan Canare, Associate Director and Senior Economist of AIM RSN PCC welcomed the participants to the event. He highlighted that competitiveness requires consistent and persistent effort and posed questions which hopes to be answered during the forum: How much has the Philippines recovered in this year’s competitiveness ranking? In what aspect is the country strong relative to its neighbors and what are the prospects moving forward?

Dr. Jamil Paolo Francisco, Exec. Dir. of the AIM RSN PCC presented the results of the 2019 WCY for the Philippines. He notes that there were notable improvements in the index’ four pillars: economic performance, government efficiency, business efficiency, and infrastructure. He highlighted the biggest improvements and declines as well as notable strengths and weaknesses in each of the pillars. In summary, he noted in his presentation that the Philippines remains attractive because of the availability of skilled labor, dynamism of the economy, and low costs of doing business. Areas where the country needs to improve include policy stability and predictability, competency of government and effective legal environment.

Dr. Arnil T. Paras, Asst. Prof. of AIM moderated the open forum. Asst. Prof. Enrico Basilio of UP NCPAG and Ms. Rizalina Mantaring of Management Association of the Philippines provided their expert comments and reactions to the 2019 WCY results. The discussion during the open forum highlighted challenges such as the need to speed up and sustain investments in physical infrastructure and sustain investor and consumer confidence. In terms of inadequate investments in human capital, looking at the future of jobs and impact of fourth industrial revolution was surfaced as an immediate policy issue to look at. This goes hand in hand with the poor digital competitiveness and future-readiness that is one important challenge in Philippine competitiveness.

Mr. Tristan Canare recapped the discussion and delivered the closing remarks.

Ms. Stephanie Rose Flores served as the emcee of the event.

For questions or comments, please email the AIM RSN PCC at policycenter@aim.edu.

 

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