The Philippines climbed one notch to 41st in overall rankings of 63 economies, based on the World Competitiveness Yearbook (WCY) 20171. Among the 14 economies covered in the Asia-Pacific region, the Philippines also moved up from 12th in 2016 to 11th this year. A rapid look at the historical performance of the Philippines, however, indicates that despite gains, rankings in specific competitiveness indicators continue to lag behind. Hence, continuously innovating policies and programs meant to sustain strides and address gaps in national competitiveness becomes more imperative.
Title: World Competitiveness Yearbook 2017
Researcher: Ronell Delerio