A challenge

June 03, 2019

FOR Filipinos, notably the poor, the country’s improved ranking in the 2019 global competitiveness study conducted by Swiss business school IMD should serve as a challenge for the government.

Moreover, the “good news” ought to inspire us to translate statistics and policies into actual actions, projects and programs that will truly make a positive difference in the people’s lives.

No less than Sen. Loren Legarda acknowledged that the people have a long way to go, but the improvement in the country’s competitiveness ranking is, without doubt, already a good sign.

And this should motivate all of us to further improve the Philippines’ competitive ranking, according to the lady senator, chairman of the Senate committees on foreign relations and finance.

IMD said the Philippines ranked 46th out of 63 countries in the 2019 IMD World Competitiveness Yearbook (WCY). Last year, this impoverished Southeast Asian nation ranked 50th.

The improvement in our competitiveness ranking reminds us that there’s a need to improve productivity and increase competitiveness by adopting innovation as a vital component of development policies.

What’s needed, she said, is the shift from being an “innovation follower” to an “innovation leader” by investing in scientific research and embracing reforms that could bolster our innovation potential.

Whether the government’s various big-budgeted projects, including the “Build, Build, Build” program, will continue to improve the country’s competitiveness ranking remains to be seen.

But what is clear is the crusading Duterte administration, which ends at 12 noon on June 30, 2022, is committed to speed up the socio-economic development of the “Pearl of the Orient Seas.”