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PHILIPPINE ECONOMIC SOCIETY – 51 ST ANNUAL MEETING

PHILIPPINE ECONOMIC SOCIETY – 51 ST ANNUAL MEETING Competitiveness, Sustainability and Inclusive Growth GUILLERMO M. LUZ Private Sector Co-Chairman National Competitiveness Council 15 November 2013. @ ncc_PH. / Compete.Philippines. G D P. TIGER. RISING STAR. ECONOMY IN ASIA.

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PHILIPPINE ECONOMIC SOCIETY – 51 ST ANNUAL MEETING

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  1. PHILIPPINE ECONOMIC SOCIETY – 51ST ANNUAL MEETING Competitiveness, Sustainability and Inclusive Growth GUILLERMO M. LUZ Private Sector Co-Chairman National Competitiveness Council 15 November 2013 @ncc_PH /Compete.Philippines

  2. G D P TIGER RISING STAR ECONOMY IN ASIA FASTEST GROWING FD I 2013 BRIGHTEST RANK SPARK RE FORM HOT RATE GROWTH SPOT GOOD GOVERNANCE E +TR ND INVESTMENT GRADE MORE FUN COMPETITIVE CREDIT RATING

  3. NCC Vision • Promote a more competitive Philippines and instilla culture of excellence through PUBLIC-PRIVATE sector collaboration as a means to REDUCE POVERTY THROUGH INCLUSIVE GROWTH @ncc_PH /Compete.Philippines

  4. Work Program • Benchmark against key global competitiveness indices • Map each indicator to the agency responsible • Focus on lowest-ranking indicators • Track city competitiveness and key indicators • Working Groups concentrate on specific projects • Linkwork to Philippine Development Plan, National Budget, Legislative Executive Development Advisory Council, Cabinet Agenda @ncc_PH /Compete.Philippines

  5. Philippine Development Plan 2011-2016 Targets 7-8% Gross Domestic Product 22% Investment/GDP ratio 6.8-7.2% Unemployment Rate Poverty Incidence down to 16.6% Where are we now? Unemployment rate 7.0% (2012) 7.3% (ave. of LFS’ 2013 Jan, Apr & Jul round) Underemployment rate 20.0% (2012) 19.8% (ave. Jan, Apr & Jul 2013) 27.9% (S1 2012) 28.6% (S1 2009) Poverty Rate 20.3% (2012) 20.8% (SI 2013) Fixed Capital as ratio to GDP 6.8% (2012) 7.6% (SI 2013) Real GDP Growth Source: The Philippine Economy at a Glance, National Economic and Development Authority @ncc_PH /Compete.Philippines

  6. 2013 How does the Philippines compare to the rest of the world?

  7. Global Competitiveness Report Card @ncc_PH /Compete.Philippines

  8. Global Competitiveness Performance @ncc_PH /Compete.Philippines

  9. Global Competitiveness Index: Philippines VS ASEAN (*) – New Economies added for 2013 report @ncc_PH /Compete.Philippines

  10. Global Competitiveness Index: Philippine Rankings @ncc_PH /Compete.Philippines

  11. Global Competitiveness Index: Philippine Rankings @ncc_PH /Compete.Philippines

  12. Doing Business: Philippines (2009-2014) Percentile Rank @ncc_PH /Compete.Philippines

  13. Doing Business: Philippines (2009-2014) Based on Percentile Rank 100 Upper 1/3 Middle 1/3 Bottom 1/3 @ncc_PH /Compete.Philippines

  14. 2014 Top 10 Most Improved in Terms of Rankings @ncc_PH /Compete.Philippines

  15. 2012-2014 Most Improved Economies @ncc_PH /Compete.Philippines

  16. 2013 – Is growth sustainable and inclusive?

  17. Source: World Bank @ncc_PH /Compete.Philippines

  18. Foreign Direct Investments, net inflows (US$) Source: World Bank @ncc_PH /Compete.Philippines

  19. Source: World Bank @ncc_PH /Compete.Philippines

  20. GDP per capita (US$) Source: World Bank @ncc_PH /Compete.Philippines

  21. Source: July 2013 Labor Force Survey National Statistics Office In July 2013, the number of unemployed persons was estimated at about 3 million. @ncc_PH /Compete.Philippines

  22. Gini Coefficient Used to measure income inequality, the GINI coefficient ranges between 0 (perfect equality) and 1 (perfect inequality). @ncc_PH /Compete.Philippines

  23. Poverty practically unchanged between 1st semester of 2006 and 1st semester of 2012 Source: The 2012 First Semester Official Provincial Poverty Statistics National Statistical Coordination Board @ncc_PH /Compete.Philippines

  24. Next Steps • Moving in the right direction but still have much work ahead of us • Public-Private Collaboration works • Biggest challenges – Institutionalization and the permanence / irreversibility of reform @ncc_PH /Compete.Philippines

  25. admin@competitive.org.ph /Compete.Philippines @ncc_PH

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