Philippines placed as 52nd out of
the 144 countries in GCI (Global Competitiveness Index) for the year 2013—2014,
this was according to the report from WEF (World Economic Forum).
Despite of being relatively low, country's
ranking now closer to Philippine Development Plan of 2011—2016 target being in top
30 percent most competitive economies in the world.
Philippines went up by 33 notches
since the 2010, a result of reforms during last four years, according to WEF
officials.
The Global competitiveness ranking composed of
12 pillars of the competitiveness, some which wherein country showed a remarkable
improvement.
Rank 50 and below in GCI
indicates a competitive advantage, Philippine aims in top 30 percent or rank 43
and above by the year 2016.
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