Philippines gets more competitive

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Jeepney_overloadedThe Philippines climbed six notches to 59th place in the newly released Global Competitiveness Report 2013-2014 by the World Economic Forum (WEF), from 65th place in 2012.

The report said that the Philippines was “one among the most dynamic and rapidly improving economies in terms of competitiveness.”

The Philippines, which was among the 148 economies ranked in the Global Competitiveness Index, had a score of 4.29.

The country improved from a low of 85th when President Benigno Aquino III assumed office in 2010. Since, the Philippines has progressed 26 places to rank 59th in the international competitiveness landscape.

In the ethics and corruption category, the Philippines now ranks 87th compared to 135th in 2010, while government efficiency and other public sector variables have also steadily advanced.

Another pillar where the Philippines posted “heady growth” was in “innovation,” with an improvement of 42 places to 69th this year from 111th in 2010, the report stated.

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Reading Time: 1 minute

The Philippines climbed six notches to 59th place in the newly released Global Competitiveness Report 2013-2014 by the World Economic Forum (WEF), from 65th place in 2012.

Reading Time: 1 minute

Jeepney_overloadedThe Philippines climbed six notches to 59th place in the newly released Global Competitiveness Report 2013-2014 by the World Economic Forum (WEF), from 65th place in 2012.

The report said that the Philippines was “one among the most dynamic and rapidly improving economies in terms of competitiveness.”

The Philippines, which was among the 148 economies ranked in the Global Competitiveness Index, had a score of 4.29.

The country improved from a low of 85th when President Benigno Aquino III assumed office in 2010. Since, the Philippines has progressed 26 places to rank 59th in the international competitiveness landscape.

In the ethics and corruption category, the Philippines now ranks 87th compared to 135th in 2010, while government efficiency and other public sector variables have also steadily advanced.

Another pillar where the Philippines posted “heady growth” was in “innovation,” with an improvement of 42 places to 69th this year from 111th in 2010, the report stated.

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