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RP ranks 71st in WEF competitiveness index MANILA, Philippines--THE PHILIPPINES' economic competitiveness improved slightly this year, although it remained one of the least competitive in the Southeast Asian region, according to the latest report of the World Economic Forum. In the WEF Global Competitiveness Report 2007-2008, the Philippines was at No. 71, a four-notch improvement over the rank of 75 last year. The United States maintained its ranking as the world's most competitive economy due to "a winning combination of highly sophisticated and innovative companies operating in very efficient factor markets." Singapore led the Southeast Asian region in the list, improving its rank to seventh from eighth place last year. Among the eight Asean countries covered, the Philippines came ahead only of Cambodia and Timor-Leste. Other Asean countries that were included in the report were Malaysia (ranked 21st from 19th), Thailand (28th), Indonesia (54th) and Vietnam (68th from 64th). Asean members Brunei, Laos and Myanmar were not included. "The Asia region encompasses the entire gamut in our ranking, from highly competitive countries to the most challenged, drawing an extremely heterogeneous picture with respect to the levels of growth and development achieved in the region," WEF's head of strategic insight teams Fiona Paua said in a statement. "Nine Asia-Pacific countries are among the top 30 in the Global Competitiveness Index rankings, led by Singapore, Japan (8th), Korea (11th) and Hong Kong SAR (12th), while Mongolia, Bangladesh, Cambodia, Nepal and Timor-Leste are all positioned at the very bottom of the rankings," she added. The rankings are determined based on publicly available data and the Executive Opinion Survey, a yearly survey conducted by the WEF with its network of partner institutes. In the Philippines, this survey is conducted by the Makati Business Club.

Public Comments

1. Do your own homework.....
2. I think this report is redundant and totally useless. Do they really have to throw the numbers in peoples" faces when they already know they are poor? I sponsor a 4 year old boy from the Philippines and I get the reports of the conditions they live in and I find it deplorable. Do the people need to be told this at all? Shouldn't we , as Americans, be helping them to learn skills, money to grow crops and industry , so they can flourish in their country? These are just statistics and mean nothing to me that I don't already know. What competitiveness is there? How can poor countries compete with the United States? Useless statistics and a waste of time. Actions speak louder than words. It's just another marketing ploy to prove that the Makati Business Club is superior and unsympathetic to the needs of others. They just compare countries in an unfair way.
3. Sorry I don't have time for your homework.