Philippine stock exchange building in Manila, Apr 2015. Wikipedia.org
The Philippine Daily Inquirer-Oct 22
In the latest Global Competitiveness Report of the Switzerland-based World Economic Forum (WEF), the Philippines ranked 56th out of 140 countries. It was also the fifth most competitive economy among the 10 members of the Association of Southeast Asian Nations. That 56th ranking globally is actually the average for nearly 100 indicators that determine an economy’s proximity to the frontier of competitiveness, or the ideal state.
First published in: The Philippine Daily Inquirer