(PhilStar) Many things feel like starting over as we continue to move forward and attempt to rebuild after the global pandemic. While a large part of the population wants to feel like we can just “pick up where we left off,” the truth is, things have changed irrevocably. If we don’t recognize that as we move forward, we will not use what we have learned these past two years to improve.
It’s disheartening, but not surprising, to see that the Philippines has continued slipping on the global index of Economic Freedom. We’re now at 80th place out of 177 countries from 73rd previously. As such, we are at the bottom tier of “moderately free” economies. This is something worth improving as we begin to reopen the country and entice foreign investment and businesses.
These past two years have been very challenging for everyone. Businesses have had to find ways to stay afloat, and people have focused on survival more than anything else. The challenge is that now that we are slowly emerging and trying to find the path forward, is that survival should no longer be the driving concern. Instead, sustainability has to come into play… Read More
