Philippines’ Competitiveness Ranking – WEF Global Competitiveness Report 2012-2013
September 6, 2012 at 12:11
These are re-posted resources on the Philippines’ performance at the World Economic Forum (WEF) Global Competitiveness Report 2012-2013.
“Ranked 65th, the Philippines is one of the countries showing the most improvement in this year’s edition. Indeed, it has advanced 22 places since reaching its lowest mark in 2009. The Philippines makes inmportant strides this year in improving competitiveness — albeit often from a very low base — especially with respect to public institutions (94th, up 23 places). Trust in politicians made considerable progress (95th, up 33), although significant room for improvement remains. The perception is that corruption (108th, up 11) and red rape (108, up 18) are finally being addressed decisively, even though they remain pervasive. The macroeconomic environment also exhibits marked improvement (36th, up 18) and represents one of the strongest aspects of Philippines’ performance along with the market size pillar (35th). In addition, the financial sector has become more efficient and increasingly supportive of business activity (58th, up 13). Despite these very positive trends, many weaknesses remain to be addressed. The country’s infrastructure is still in a dire state, particularly with respect to sea (120th) and air transport (112th), with little or no progress achieved to date. Furthermore, various market inefficiencies and rigidities continue, most notable in the labor market (103rd).”
National Competitiveness Council Statement on the WEF Global Competitiveness Report 2012-2013
National Competitiveness Council Presentation on the WEF Global Competitiveness Report 2012-2013
Speech of MBC Chairman Ramon R. Del Rosario Jr. on the WEF Global Competitiveness Report 2012-2013
Download the full official WEF Global Competitiveness Report 2012-2013 here.
