The more interesting fact revealed in this news item is the hiring of the authors of the IFC "Doing business" report as consultants to the Philippines' Competitiveness Council. If you can't beat them, hire them as consultants!
THE GOVERNMENT needs to move beyond trimming red tape if the Philippines is to improve its global ranking, a competitiveness official said.
The recommendation, National Competitiveness Council (NCC) Vice-Chairman Guillermo M. Luz said last Thursday, was made by the authors of the International Finance Corp.’s (IFC) “Doing Business” report, the latest edition of which showed the country falling two places to 136th out of 183 economies.
“We hired the IFC authors themselves as consultants to go over the details of our competitiveness plans,” Mr. Luz told BusinessWorld at the sidelines of the Makati Business Club’s anniversary celebrations.
