Part 2 News: Becoming More Competitive

Competitiveness involves not just reducing red tape

This is a partially re-posted article.

THE GOVERNMENT needs to move beyond trimming red tape if the Philippines is to improve its global ranking, a competitiveness official said.

The recommendation, National Competitiveness Council (NCC) Vice-Chairman Guillermo M. Luz said last Thursday, was made by the authors of the International Finance Corp.’s (IFC) “Doing Business” report, the latest edition of which showed the country falling two places to 136th out of 183 economies.

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By: Eliza Diaz
Source: Business World, Dec. 5, 2011

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