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Two Studies, Two Dismal Business Environment Scores For The Philippines

September 10, 2009

busines envi montage

There are two surveys just completed by two independent international entities which are truly eye-opening, if not disturbingly eye-popping.

First is the World Economic Forum Global Competitiveness Index where the Philippines has slipped an embarrassing 16 notches from 71st place to 87th out of 133 economies reviewed.

Corruption, an inefficient bureaucracy, inadequate infrastructure and policy instability were the top problem areas.

GCR REPORT RP KEY SCORES GRFX


http://gcr.weforum.org/gcr09/

Today, another study, this time done by the World Bank’s International Finance Corporation (IFC), shows the Philippines ranking 140 out of 181 economies in the ease of doing business!

The Regulatory Simplification Project was undertaken with experts of the Ateneo School of  Government looking at how countries’ regulatory environment affects the choices of investors, and entrepreneurs “in locating, operating and expanding their businesses.”

According to the IFC the study looked into convenient it is “to access credit, enforce contracts, buy property, process goods through customs, pay taxes and conduct other everyday activities efficiently depends on a business environment that protects property rights without unnecessary, burdensome or inappropriate regulations.”

RP BUSINESS EASE KEY FINDINGS MAIN GRFX

RP BUSINESS EASE GRFX FULL

It was noted that “compared to other countries, the Philippines has more regulations that constrain business activity, and less regulations that enhance it.”

I would have much wanted not to see these two reports in a non-political and not too critical light given how the gkobal economic downturns has really exacted a toil of most countries.

But hey, with the current regime having been in the raddle for nearly a decade, it has surely had the requisite time and  authority to undertake meaningful reforms in the problem areas cited in the reports.

Alas the Arroyo administration has been unable to to its sworn job.

Even as Malacanang crows about   “sustained economic growth “ and all that, the report cards speak volumes about how remiss it has been.

No wonder most Filipinos, local and foreign business leaders included, are counting down the days until a new government which fresh political capital and unquestioned mandate to succeed Gloria Macapagal Arroyo when the clock strikes 12 noon on June 30, 2010.

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