Asia's laggard

Here's a perceptive Newsweek article by Ruchir Sharma on the Philippines, excerpt:

"The agenda for a new government is fairly clear-cut. Investment has long been the missing component in the growth equation, so the government needs to begin by creating a better environment for investment. This means stronger contract enforcement, less judicial interference, and breaking up the stranglehold of some oligarchs in key businesses." (emphasis supplied)