The Philippines climbed one notch to 56th from previous year’s 57th, in the overall rankings of 137 economies, based on the Global Competitiveness Report (GCR) 2017-2018. However, despite this improvement, the Philippines has seen decrease in previous pillar rankings.

The Report highlighted that the Philippines could make large gains in competitiveness at a relatively lower cost if it could improve its performance in infrastructure, health, and education. This brings into focus the overall theme of the Report, which calls economies to implement more change in the economy that is more human-centered, equitable, and environmentally sustainable.

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Title: The Global Competitiveness Report 2017-2018
Researcher: Bernard Paul M. Mangulabnan