INQUIRER PHOTO | GRIG C. MONTEGRANDE
MANILA, Philippines — The Marcos administration restored stability but missed reforms to boost long-term competitiveness, New York-based think tank GlobalSource Partners said on Tuesday.
In a commentary, economists Diwa Guinigundo and Wilhelmina Manalac called the first four years “mixed but consequential.”
“The administration has yet to convert macroeconomic stability into broad-based productivity-enhancing reforms. The economy remains constrained by weak agricultural productivity, inadequate human capital, governance deficiencies, uneven implementation capacity, and insufficient private investment,” they said.
Article continues after this advertisement
