Malacañang welcomes reports that PH rose to 59th place among 148 economies in WEF’s Global Competitiveness Index 2013-2014
Malacañang welcomed reports that the Philippines rose to 59th place among 148 economies in the World Economic Forum’s (WEF) Global Competitiveness Index 2013-2014, attributing the improvement to the Aquino administration’s battle against corruption.
"We welcome the results of the 2013-2014 Global Competitiveness Report, which shows the Philippine economy continuing its upward trajectory in rankings. From a low of 85th place when the Aquino administration took over, the Philippines has progressed 26 places to rank 59th in the international competitiveness landscape," Presidential Spokesperson Edwin Lacierda said in a statement.
"This impressive performance was highlighted in the report, which cited the Philippines as among the 'most dynamic and rapidly improving economies in terms of competitiveness',” Lacierda said.
Lacierda said the sustained improvement was credited heavily to the Aquino administration’s battle against corruption, which is seen in the significant improvements in the benchmarking scores of the “Institutions” pillar that covers governance challenges such as corruption and public sector competence.
Halfway through the President Benigno S. Aquino III's presidency, Lacierda said the Institutions pillar of the Philippines jumped from 125th in 2010 to 79th, a rally of 46 places.
In the ethics and corruption category, the Philippines now ranks 87th compared to 135th in 2010, while government efficiency and other public sector variables have also steadily advanced.
"Another pillar where we posted heady growth was in 'Innovation,' an improvement of 42 places to 69th this year from 111th in 2010. We attribute this to enhanced competition, which fosters creativity, and high morale of an increasingly empowered citizenry, sustained by the prospects of our future and the positive feeling about our country’s direction," he said.
"Further, amidst the backdrop of a particularly difficult period for developing economies, this international affirmation serves as an endorsement of the President, the brand of transparent and accountable leadership he espouses, and the hard-fought reforms he and his allies have tirelessly pursued," Lacierda concluded. (PND)