Switzerland-based International Institute for Management Development (IMD) recently announced that the Philippines improved four spots in its 2022 World Competitiveness Yearbook.
Based on the 2022 version of the report, the country ranked 48th out of 63 economies, higher than the 52nd place out of 64 economies in 2021. IMD looked at the competitiveness of the Philippines via 333 indicators categorized under four factors: economic performance, government efficiency, business efficiency, and infrastructure. The Philippines ranked higher in economic performance (53rd) and in infrastructure (57th), but went down in government efficiency (48th), and business efficiency (39th).
In this B-Side episode, IMD World Competitiveness Center Chief Economist Christos Cabolis tells BusinessWorld reporter Revin Mikhael D. Ochave the economic challenges faced by the Marcos administration in the short- and long-term.
Recorded remotely in June 2022. Produced by Joseph Emmanuel L. Garcia and Sam L. Marcelo.
