RP improves competitiveness but low in infra and education
Source:www.cnn.com
By Jesus F. Llanto
Researcher, Newsbreak
Tuesday, 15 July 2008–The Philippines competitiveness ranking in the World Competitiveness Yearbook improved and climbed five notches in 2008 but the country continues to rank low in infrastructure and education.
The Philippines ranked 40th out of the 55 countries in the World Competitiveness Yearbook survey of the Swiss-based International Institute for Management Development. This year’s ranking was an improvement from last year when the country landed on the 45th spot.
The survey studied 55 countries using 331 criteria grouped into four categories: hard economic performance, government efficiency, business efficicieny and infrastructure.
Of the four categories, the Philippines ranked highest—31st—in business efficiency but lowest in infrastructure (48th). It landed on the 42nd and 41st spot in economic performance and government efficiency, respectively.
The Philippines, however, ranked very low in infrastructure and education indicators. It ranked 52nd in education, 54th in basic infrastructure, and 53rd in basic infrastructure. (abs-cbnNews.com/Newsbreak)
