The Philippine Economy

The Philippine Economy Worlds thirty-eighth Freest Economy A take after conducted by Canada-based Fraser found (FI) has tagged the Philippines, along with six an some other(prenominal) countries, as the worlds 38th alleviatest parsimoniousness, a term referring to the countrys practice of free mint. The 2002 sparing Freedom of the World (EFW) survey gauged 123 countries level of scotch 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, territory of law, post rights, freedom to trade and access to sound money. The Philippines was class-conscious 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 parliamentary law. (Source: Businessworld) fortieth Most Competitive Economy In its 2002 World combat Year Book, Swiss agency bring for solicitude increase (IMD) be the Philippines as the 40th near competitive economy in the world. The Philippines was ranked ahead of Indonesia unless behind other East Asiatic countries such as Singapore, Hong Kong, Taiwan, Malaysia, South Korea, Japan, chinaware and Thailand.

In a separate root also in 2002, the Philippines was ranked as 61st among 80 countries in the global growth competitiveness be of the World economical Forum (WEF), which is a project of the US-based Harvard Business School. The local partner in crime 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 sup plied most of the data use in the countrys r! anking 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, more or less up from 0.749...If you want to get a full essay, order it on our website: OrderEssay.net

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