How can a third world country be globally competitive? ?

Question

How can a third world country (specifically the Philippines) be globally competitive?

I know it has something to do with better economy but i need more specific things that a normal citizen would do. Please? thank you!

Answer 1

Many factors can contribute, including the cost of labor but also natural resources (Philippines is a major agricultural exporter), transportation (getting goods to market), strategic location (along trade routes, military significance) are also key to growth. Investment in education, distribution of wealth contributing to a strong middle class, and increasingly the availability of telecommunications are also the mark of rising economic power.

For much of the third world, it's as much about what's dragging a country down as what would lift it up. War, either internal or with neighbors, saps a country's resources. Susceptibility to natural disasters make it difficult for some countries to get ahead. Historical debt to first-world nations makes it difficult for many countries to make needed investments as well.

But in the end you asked what a normal citizen would do to help their country be globally competitive. A normal citizen can't stop war, create natural resources, stop typhoons or build roads. What a normal citizen can do is become educated and then educate others to increase literacy. That is the most significant impact an normal citizen can have.

Answer 2

As a citizen I would encourage the government to fight corruption, unify the country, and promote economic stability and grown.

Answer 3

Globally competitive is all about the cost of labor in your country. If workers are as productive and/or educated as those in say the US, but accept less pay, they will be very competitive for jobs.