Weak Competition Dampens Entrepreneurship in the Country
The lack of strong competition in the Philippines is discouraging the growth of new businesses and small and medium enterprises (SMEs) in the country. The more than 20 years of trade liberalization in the manufacturing sector has not resulted in any significant increase in competition, preventing the economy from reaping more of the benefits of trade liberalization. This is the gist of a paper prepared by Rafaelita Aldaba, Research Associate at the Philippine Institute for Development Studies (PIDS).
In her recent presentation at PIDS, Aldaba explained that competition is one of the major channels through which trade liberalization affects the economy. Competition is important …
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Publication information: Article title: Weak Competition Dampens Entrepreneurship in the Country. Contributors: Not available. Newspaper title: Manila Bulletin. Publication date: February 26, 2006. Page number: Not available. © 2009 Manila Bulletin Publishing Corp. COPYRIGHT 2006 Gale Group.
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