By Michelle V. Remo in Manila/Philippine Daily Inquirer | Asia News Network – Thu, May 30, 2013
From 43rd last year, the Philippines landed 38th in this year's global survey on competitiveness conducted by international business school IMD. There are 60 countries covered by the annual survey.
A country's ranking results from queries to respondents, mostly from the business sector, focused on four main categories: economic performance, government efficiency, business efficiency and infrastructure.
In the area of economic performance, the Philippines improved its ranking by 11 notches from 42nd last year to 31st this year.
This came about following its encouraging growth performance last year, when its economy grew by 6.6 per cent, surpassing the government's target of 5 per cent to 6 per cent.
In this year's survey, the United States gained the top spot, while Switzerland landed second.
Other countries in the Top 10 are: Hong Kong, Sweden, Singapore, Norway, Canada, United Arab Emirates, Germany and Qatar, which landed on the 3rd to the 10th spots, respectively.
The countries at the Bottom 10 are: Brazil, Slovenia, South Africa, Greece, Romania, Jordan, Bulgaria, Croatia, Argentina. They landed on the 51st to the 60th spots, respectively.
COPYRIGHT: ASIA NEWS NETWORK
No comments:
Post a Comment