The World Competitiveness Yearbook is a yearly report on the competitiveness of nations published by the International Institute for Management Development. It evaluates the relative competitiveness of 58 economies based on economic performance, government efficiency, business efficiency, and infrastructure, ranking the economies in twenty areas of the competitiveness landscape and overall competitiveness.
Although the Philippines ranked higher in 2010 than the previous year (39th overall compared to 43rd in the previous year), its rank is still last among the ASEAN-6.31 From 2001 to 2008, Indonesia was ranked lower but in 2009 it overtook the Philippines. Although the Philippine percentile rank improved vis-à-vis the total group of countries rated, Indonesia, Malaysia, and Thailand also made progress against their peers (see Figure 35). The Philippines trailed in the areas of domestic economy, international trade, international investment, employment, prices, institutional framework, business legislation, management practices, public finance, fiscal policy, productivity and efficiency, faring very poorly in basic and scientific infrastructure, education and international investment, where it was ranked 56th out of 58 (see Figure 36). It led the ASEAN-5 in only one aspect of competitiveness – societal framework.
Figure 35: IMD world competitiveness in percentile rankings among the ASEAN-5 from 2001 to 2012
Sources: International Institute for Management Development and author’s calculations
Figure 36: IMD word competitiveness sub-rankings for select ASEAN countries, 2010
- Vietnam is not included in this rating.[Top]