LOW labor productivity and educational development as well as weak rule of law continue to stall the country's efforts to escape the Middle Income Trap, according to Nomura.
Cai U. Ordinario is a journalist for BusinessMirror, a national publication in the Philippines. Cai's articles primarily focus on economic and business-related topics, including inflation, job growth, remittances, technology, and banking. With a keen interest in financial matters, Cai provides insights and analysis on the Philippine economy and its impact on various sectors.