Now thats reality,PH seen still lagging behind peers
Country may even be overtaken by newer Asean members, report says
By Ronnel W. Domingo 7:30 pm | Sunday, March 24th, 2013
The Philippines is lagging behind most of the other founding members of the Association of Southeast Asian Nations in many economic and development indicators and, without sufficient improvement, it may be overtaken by the newer, less developed neighbors.
The newer members of the Asean, which was formed in 1967, are Cambodia, Laos, Myanmar and Vietnam—all of which signed up in the 1990s.
Kensuke Tanaka, head of the Asia desk of the OECD think tank, said that among the five founders, the Philippines ranked fourth in terms of labor productivity.
The OECD-DC’s “Southeast Asian Economic Outlook 2013” report showed that a Filipino worker accounted for $10,000 worth of products valued in 2009 prices. This is barely above Indonesia’s level and below the Asean average.
Tanaka also noted that poverty incidence in the Philippines was the highest among the five with almost a quarter of the population living below the poverty threshold.
Further, Tanaka cited the World Bank’s latest Doing Business report which showed the Philippines ranking 136th in the world in terms of ease in doing business. This is the lowest among Asean founding members and just two notches from Cambodia’s 138th.
Also, according to the Asean Secretariat’s Asean Integration Monitoring Office, the Philippines has the lowest gross domestic product per capita among the six oldest Asean members, including Brunei. Each Filipino accounts for $2,300 a year, which is less than a quarter of the world average of $10,000.
and I bet you will get flamed for posting that, lol