In the next section, the current Philippine economic situation is described by comparing
it with other economies in terms of indicators of competitiveness. Many of the latter are
components of the AEC Blueprint. This is followed by a section where the Philippine
performance in terms of the ASEAN Scorecard is presented and discussed. As
mentioned earlier the official data will be supplemented by results from ERIA studies.
The penultimate section attempts to explain the progress of the Philippines in meeting its
AEC commitments, particularly vis-à-vis the more developed ASEAN countries. The last
section looks at structural problems in the Philippines that may prevent it from benefiting