Ateneo Professor on Entrepreneurship
From Satur Ocampo's column "At Ground Level" by Satur Ocampo
The good news:
l. Moody's has upgraded PHL debt from Ba2 to Ba1 (one notch below investment grade)
2. Goldman Sach's has considered PHL as one of the 11 emerging economies (the others are Bangladesh, Indonesia, Egypt, Iran, Mexico, Nigeria, Pakistan, South Korea and Vietnam)
3. PHL ranks 4th (moving from 6th) in terms of most favorable environment for micro enterprise, according to Economic Intelligence Unit.
4. According to Nielsen, PHL ranks third in consumer confidence given the expansion of business at BPO
The bad news:
l. At 7% rate, PHL has one of the highest unemployment rate in the region. Most countries have moved from heavy dependence on agriculture to manufacturing to industries and services sector.
2. PHL has continuously slid down in WB list of doing business from l36 to 138. What is the public sector doing. (And yet PHL is improving on its competitiveness)
3. PHL has failed in 4 out of 7 MTD of the UN
What can we do to improve our country?
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