Good job Philippines!!!
This is a kind of good news, that all Filipinos whether for
or against the current administration should be proud of. The numbers will not lie and did not come
from any Philippine government institution but from an international
publication.
We all know that from the past years slowly the country is
picking up the pieces economically speaking but due to natural calamities and
some internal security threats like that of the New People’s Army and the ISIS
adventurism in Marawi City these are but a few of those issues hamper the
country to attain its full economic potential. *
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| Makati skyline (photo credit to owner) |
Economist have identified four factors for a country to be
an attractive investment site- natural resources, markets, efficiency and strategic
assets like technologies or brands. If these four standards are met then a
country can already be considered as a “country worthy of investment.”
World Bank Group reports identified four factors– the
country’s people, environment, relationships, and framework – that propel both
individuals and corporations to invest in a given country’s natural resources,
markets, technologies, or brands.
The report titled “ Attracting Foreign Direct Investment ,How
much does an Investment Climate Matter?” with the World Bank Group, U.S. News
identified the best countries to invest in for the year 2018.
For the best countries to invest in ranking, U.S. News
focused on just eight of the 65 attributes: entrepreneurship, economic
stability, favorable tax environment, innovation, skilled labor, technological
expertise, dynamism, and corruption. Responses from over 6,000 survey
participants – who act as decision makers in business around the globe – were
then used to determine the ranking.
The following are the list from top 20 to top 1:
Chile, France, Brazil, United Kingdom, Netherlands, Ireland,
Turkey, Uruguay, Finland, Czech Republic, Oman, India, Thailand, Spain,
Australia, Singapore, Malaysia, Poland, Indonesia, and the Top 1 is-
PHILIPPINES! , with a population of 103.3 million, Total
Gross Domestic Product is at $304.9 Billion, and with a 6.0% GDP growth. *
“In contrast to
declining inflows of foreign direct investment, or FDI, to Southeast Asia as a
whole, the Philippines continued to perform well, according to United Nations
data. In years to come, the country is expected to receive more Foreign Direct
Investments (FDIs) from within the region from powerhouses like China that are
looking to utilize available labor in developing nations.”
Report from Business Insider
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