|Click to enlarge|
Despite all the chest beating on good governance and reforms as Noynoy’s lynchpin for economic growth, the view from outside continues to be that the country is a laggard in fast-developing Asia in terms of competitiveness.
The latest World Competitiveness Report of the Switzerland-based International Institute for Management and Development (IMD) had the Philippines’ ranking slipping a considerable two notches to 43rd this year from 41st a year ago.
The annual survey, which is conducted among mostly expatriates in the country, also indicated the competence of the government as among the major issues confronting the goal of the country to improve its ability to compete with other countries in the increasingly open global market..... MORE
Source: The Daily Tribune