PH improves in the 2017 World Competitiveness Yearbook
From being the 42nd, the Philippines moved up to 41st out of 63 economies in the International Institute for Management Development’s (IMD) 2017 World Competitiveness Yearbook.
In this year’s list, the Philippines bested its Asian neighbors, Indonesia and India, and European countries such as Italy and Russia. This evaluation was made by IMD World Competitiveness Yearbook, based across 346 criteria in four major factors namely economic performance, government efficiency, business efficiency, and infrastructure.
The IMD World Competitiveness Center, a research group at IMD Business School in Switzerland, has published the rankings every year since 1989.
Hong Kong has consolidated its dominance of the annual rankings compiled by the IMD World Competitiveness Center, taking the top spot for the second year. Switzerland and Singapore came in second and third, with the USA ranking fourth, its lowest position in five years and down from third last year. The Netherlands completed the top five, jumping up from eighth last year.
According to the Director of the IMD World Competitiveness Center, Professor Arturo Bris, the indicators that stood out among the most improved countries are related to government and business efficiency as well as productivity.
Click here to read full chart and report: imd.org
