The Philippines is a country with "a vast opportunity for improvement" in its economic competitiveness but one that its country’s entrepreneurs are pursuing. Switzerland-based non-profit organisation World Economic Forum, in its Global Competitiveness Report 2011-2012, found the Philippines posted one of the largest improvements in its rankings, up 10 places to 75th.

The rise was due to a reasonably good macroeconomic position and sophisticated businesses, albeit a situation let down by "poor" public institutions and infrastructure, the forum said.


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