The Philippine Economy

The Philippine Economy Worlds thirty-eighth Freest Economy A prospect conducted by Canada-based Fraser found (FI) has tagged the Philippines, along with six an other(a)(prenominal) countries, as the worlds 38th easyst parsimoniousness, a term referring to the countrys practice of free vocation. The 2002 sparing Freedom of the World (EFW) survey gauged 123 countries level of stinting exemption or liberties enjoyed by foreigners and citizens to engage in trade or business. Among the factors measured were each countrys observance of free trade, radiation pattern of law, post rights, freedom to trade and access to sound money. The Philippines was rank at 38th along with France, South Korea, Botswana and two other countries. On top of the list were Hong Kong, Singapore and the affirm unneurotic States in that regularize. (Source: Businessworld) fortieth Most Competitive Economy In its 2002 World combat Year Book, Swiss agency initiate for solicitude increase ( IMD) class-conscious the Philippines as the 40th just about competitive economy in the world. The Philippines was ranked ahead of Indonesia solely behind other East Asiatic countries such as Singapore, Hong Kong, Taiwan, Malaysia, South Korea, Japan, chinaware and Thailand. In a separate enunciate also in 2002, the Philippines was ranked as 61st among 80 countries in the global growth competitiveness be of the World frugal Forum (WEF), which is a project of the US-based Harvard Business School. The local confederate of WEF is the Makati Business confederation (MBC) while the local partner of IMD is the Makati-based Asian Institute of Management (AIM). These two organizations supplied most of the data utilise in the countrys ranking based on the results of surveys conducted among businessmen and investors. 77th in Standard of Living The United Nations Development Program (UNDP) has ranked the Philippines 77th among 173 countries in terms of forgiving development index (HDI), a gauge of standard of living. ! The Philippines got a score of 0.754 in 2002, approximately up from 0.749...If you want to get a full essay, order it on our website: OrderEssay.net

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