Article at a glance:

Attracting more offshoring to the Philippines

• The Philippines' combination of rock-bottom costs and a desirable labor pool is helping to propel the country to prominence as an offshoring location.
• But research by the McKinsey Global Institute indicates that a poor risk profile, a deficient infrastructure, and a subpar business environment conspire to hinder the country's offshoring prospects.
• Public- and private-sector leaders must work together to bolster the country's attractiveness to multinational companies.