Bad news day for the Philippines
Perennially competing for last place
Philippine President Gloria Macapagal-Arroyo is in the U.S. pitching investors on the attractiveness of the Philippines. But new global rankings are undermining her efforts. Front-page stories in major dailies and business papers today announced that the Philippines has fallen lower in the annual Corruption Perceptions Index, from 2.5 to 2.3 on a 10-point scale with 10 the highest possible score.
The Philippines scored lower than every other country in Southeast Asia, including Vietnam, Laos, and Cambodia. That’s not the only list in which the Philippines comes up near last. The IMD World Competitiveness Center also announced that the Philippines was third from last among 55 countries in its labor productivity ranking for 2007. Only Indonesia (54) and India (55) come in lower.