[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-108828-en":3,"doc-seo-108828-105":30,"detail-sidebar-cat-0-en-105":91},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":13,"seo_description":14,"update_tm":28,"read_time":29},108828,2336464648746,"Skyler","https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c",8,"Research & Report","Creating Markets in the Philippines - Unlocking Private Sector Markets to Create Better Jobs - Country Private Sector Diagnostic","Creating Markets in the Philippines - Unlocking Private Sector Markets to Create Better Jobs - Country Private Sector Diagnostic examines key development challenges and the drivers of economic growth shaping market opportunities in the Philippines. It analyzes cross-cutting constraints limiting private sector expansion, including regulatory and competition barriers, trade policy, public-private partnership policies, land market policy, and financial, labor, and capital market constraints. The report also provides a sector scan across infrastructure and tradeable sectors, followed by conclusions and appendixes detailing investment policy and prioritized reforms to strengthen competitiveness and job creation.","CREATING MARKETS IN THE PHILIPPINES  \nUnlocking Private Sector Markets to Create Better Jobs  \nCOUNTRY PRIVATE SECTOR DIAGNOSTIC  \nCREATING MARKETS IN THE PHILIPPINES  \nUnlocking Private Sector Markets to Create Better Jobs  \nAbout IFC  \nIFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets . We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities where they are needed most. In fiscal year 2019, we delivered more than $19 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.  \norg.  \n© International Finance Corporation 2019. All rights reserved.  \n2121 Pennsylvania Avenue, N.W.  \nWashington, D.C. 20433 [www.ifc.org](www.ifc.org)  \nCopying and/or transmitting portions or all of this work without permission may be a violation of applicable law. IFC does not guarantee the accuracy, reliability or completeness of the content included in this work, or for the conclusions or judgments described herein, and accepts no responsibility or liability for any omissions or errors (including, without limitation, typographical errors and technical errors) in the content whatsoever or for reliance thereon.  \nThe findings, interpretations, views, and conclusions expressed herein are those of the authors and do not necessarily reflect the views of the Executive Directors of the International Finance Corporation or of the International Bank for Reconstruction and Development (the World Bank) or the governments they represent.  \nThis publication uses U. S. spelling. All mentions of dollars refer to U. S. dollars, unless otherwise indicated.  \nPhotos: Cover, business process outsourcing center worker in Cagayan de Oro City: Manman Dejeto/World Bank; p. 1, bridge under construction over the sea bay connecting the two parts of Siargao island: Alexpunker/Adobe Stock; p. 3, Mactan-Cebu International Airport: Avigator Fortuner/Shutterstock; p. 5, construction site safety drill in Pasig City: John Raymond Tibay/Shutterstock; p. 8, Makati skyline: jonbilous/Adobe Stock; p. 15, man working inside a large reinforced steel tube: Nonie Reyes/World Bank; p. 25, solar panels study: Hanna Fernando-Pacua/IFC; p. 43, porters in  \nZamboanga port: Manman Dejeto/World Bank.  \nCONTENTS  \nAcknowledgments v  \nAbbreviations vi  \nOVERVIEW 2  \n01 KEY DEVELOPMENT CHALLENGES 4  \n02 KEY DRIVERS OF ECONOMIC GROWTH 9  \n2.1 Recent Economic Developments 9  \n2.2 Macroeconomic Policies 10  \n2.3 International Trade 10  \n2.4 Investment Dynamics 11  \n2.6 Productivity Dynamics 12  \n03 CROSS-CUTTING CONSTRAINTS TO PRIVATE SECTOR GROWTH 14  \n3.1 Competition and Regulatory Constraints 14  \n3.2 Trade Policy 18  \n3.3 Public-Private Partnerships Policy 19  \n3.4 Land Market Policy 19  \n3.5 Financial and Capital Markets Policy 21  \n3.6 Labor Market Policy 22  \n04 SECTOR SCAN 24  \n4.1 Infrastructure Sectors 24  \n4.2 Tradeable Sectors 33  \n05 CONCLUSIONS 42  \nAPPENDIXES 45  \nA ELEVENTH FOREIGN INVESTMENT NEGATIVE LIST OF THE PHILIPPINES 46  \nB PRIORITIZED LIST OF REFORMS NEEDED TO IMPROVE THE COMPETITIVENESS OF PRIVATE SECTOR  \nMARKETS IN THE PHILIPPINES 48  \nNotes 50  \nReferences 52  \nFIGURES  \n1.1 Less than one-quarter of wage workers earn middle-class wages  \n2.1 The Philippines has not been able to diversify its exports, unlike that of China  \n2.2 The increasing net inflow of FDI into the Philippines is low relative to regional peers…  \n2.3 ...However, firms with foreign ownership are more productive  \n2.4 TFP’s contribution to growth has increased in the Philippines since 2010…  \n2.5 …outperforming manyregional peers  \n2.6 Philippine firms lag in technology adoption  \n3.1 Anticompetitive restrictions create multiple private sector barriers  \n3.2 It is more bureaucra","cbCaiqmpx0NZckIY","https://ap.wps.com/l/cbCaiqmpx0NZckIY","pdf",10082880,3,1,62,"English","en",105,"# Overview\n# 01 Key Development Challenges\n# 02 Key Drivers of Economic Growth\n## 2.1 Recent Economic Developments\n## 2.2 Macroeconomic Policies\n## 2.3 International Trade\n## 2.4 Investment Dynamics\n## 2.6 Productivity Dynamics\n# 03 Cross-cutting Constraints to Private Sector Growth\n## 3.1 Competition and Regulatory Constraints\n## 3.2 Trade Policy\n## 3.3 Public-Private Partnerships Policy\n## 3.4 Land Market Policy\n## 3.5 Financial and Capital Markets Policy\n## 3.6 Labor Market Policy\n# 04 Sector Scan\n## 4.1 Infrastructure Sectors\n## 4.2 Tradeable Sectors\n# 05 Conclusions\n# Appendixes","[{\"question\":\"What is the purpose of the country private sector diagnostic for the Philippines?\",\"answer\":\"It identifies key challenges, growth drivers, and constraints affecting private sector markets, linking them to better jobs and market opportunities. 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