Philippines moves up 7 notches in Global Competitiveness Index
T
his) affirms that the Aquino administration’s good governance programs have established the solid macroeconomic foundations upon which long-term inclusive growth may be attained,” Presidential Communications Operations Office Secretary Herminio Coloma, Jr. said during a press briefing at the Palace. The Philippines has advanced to rank 52nd (out of 140 countries) from the 59th place last year. “This achievement indicates that the Philippines is well-poised to attain its objective of being in the top third (or rank 42nd) by 2016,” Coloma added. According to the GCI report of the WEF, “The country’s gain of 33 places since 2010 is the largest over that period among all countries studied. The
results suggest that the reforms of the past four years have bolstered the country’s economic fundamentals. The trends across most of the 12 pillars are positive, and in some cases truly remarkable.” The GCI measures the competitiveness of 144 economies based on more than 100 factors grouped into 12 pillars. SEPTEMBER 2014 | PAGE
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