Priority should be given to enhancing competition in key sectors of the economy where there is huge potential for reducing poverty and creating jobs for the poor and vulnerable (directly or indirectly). These are ports, shipping, water utility, power, and air transport . Enhancing competition in ports and shipping essential in lowering food and input prices, improving producers’ access to markets, and raising the incomes of farmers in less developed regions, such as in Mindanao. Enhancing competition in the water utility sector would help improve access to clean and affordable water, thereby improving health outcomes and raising worker productivity especially in rural areas. Enhancing competition in the power and air transport sectors would help spur the growth of manufacturing and tourism.
|Source Institution||World Bank|
|Place of Publication||Pasig City|
|Original Publication Date||March 1, 2014|