The Philippines could fully succeed economically in the future if there is national unity and every Filipino makes individual commitments, President Benigno S. Aquino III said during the 40th anniversary celebration of the National Economic and Development Authority (NEDA) on Tuesday.
The President, who arrived last weekend from attending the World Economic Forum annual meeting in Switzerland, recounted his experiences while in the European country.
There is a disparity in terms of the number of people between the Philippines and Switzerland, he said, noting that the latter even had to deal with a more hostile environment.
But despite the challenges, he said Switzerland has become a very rich country after striving hard to maximize the effects of its comparative advantage particularly in finance.
"Simple lang ---talagang mapaparating tayo sa paroroonan natin kung lahat tayo kumakayod at humahatak tungo sa isang direksyon, kung ibibigay natin ang kaya natin. Kung lalampasan natin ang akala nating kaya natin ay baka naman mapadali ang parating natin doon," the President said in his speech.
The use of timely and accurate government data is also important so that economic managers can formulate the right strategy and decision for the national good, he said.
"May kasabihan sa mahilig sa computer, 'Garbage in, garbage out.' Kapag mali ang datos, o hindi naaangkop ang lunas, lalong maaantala ang desisyon," he said.
The country also changed a lot since the administration took office more than two years ago, he said. Today, foreign investors are scrambling to put their businesses here. Several years ago, the Philippines wasn't even in their radar, the President said.