Final answer:
To become part of the global north, the Philippines needs to improve in areas such as education, infrastructure, and technology innovation, while ensuring political stability and market-friendly policies to attract investment and compete globally.
Step-by-step explanation:
To become a more competitive country and potentially join the ranks of the global north, the Philippines must focus on certain developmental strategies. These include enhancing human capital through better education and training, increasing physical capital by upscaling infrastructure, and advancing technology through innovation and better connectivity. As a nation with a significant base in English-speaking, educated workers, there is a strong foundation to build upon, particularly in the Business Process Outsourcing (BPO) sector which is already benefitting from the current workforce.
Moreover, adopting market-oriented governmental policies that focus on health, education, and political stability is critical for attracting foreign investment, essential for economic growth. To compete with established economic centers in Asia, the Philippines must also work on creating a more business-friendly environment, potentially through developing free trade zones to attract international trade.
Lastly, focusing on macroeconomic stability and addressing other social challenges can assist in the nation's development. This holistic approach – blending market strategies with state-led support – could set the Philippines on a path towards joining the higher-income countries of the global north.