"Bear in mind that the wonderful things you learn in your schools are the work of many generations, produced by enthusiastic effort and infinite labor in every country of the world. All this is put into your hands as your inheritance in order that you may receive it, honor it, add to it, and one day faithfully hand it to your children. Thus do we mortals achieve immortality in the permanent things which we create in common." - Albert Einstein

Thursday, May 30, 2013

Philippines: Global Competitiveness (2013)

Last year, a post entitled "Philippines: Global Competitiveness" pointed out important details regarding the ranking of the Philippines in global competitiveness made by the International Institute for Management and Development (IMD):

Presented here are snapshots of the rankings including some detailed data pertaining to the Philippines (posted here with permission from the IMD). The Philippines fell two notches (from 41 to 43) in the recent rankings (59 countries are included in the rankings). What is highlighted here is the perennial low ranking of the country's infrastructure. Over the past five years, the Philippines has ranked 48, 56, 56, 57, 55 in this criterion. The country's competitive landscape is clearly pulled back by its low scores on basic infrastructure (56), science infrastructure (58) and education (57). The last table in this post shows in more detail what is involved in the education score. These are the 2012 numbers, which provide a good benchmark for DepEd's K to 12. These are measures that could be used to gauge if DepEd's program is enabling progress in education, which as these rankings show, is very much needed by the country. Time will tell.
This year, the Philippines supposedly climbed up 5 notches, from 43rd to 38th place out of 60 countries:

Figure above assembled from graphs by International Institute for Management and Development (IMD)
The performance of the Philippines Stock Market, of course, is largely behind this improved ranking. As in the previous post, it is important to focus on the factors used to arrive at these rankings. So here again is the landscape, comparing the Philippines' situation in 2013 against 2012.

Figure above assembled from graphs by International Institute for Management and Development (IMD) and the Asian Institute of Management (AIM)
Looking ahead, what counts more is the infrastructure. These factors are at the tail end of the graphs above. These are factors that strongly determine sustainability and future economic growth: basic infrastructure, technology infrastructure, science infrastructure, health and environment, and last but not the least, education. So below is a closer look:

Figure and Table from Asian Institute of Management
The Philippines dropped two notches, from 57 to 59 in education. Keep in mind, there are only 60 countries in this list.




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