Previously called the Current Competitiveness
Index in last year’s report, the Microeconomic Index
identifies factors behind high productivity and economic
performance measured in terms of GDP per capita. These
microeconomic fundamentals explain why some countries
can sustain higher levels of prosperity over others. This
Index looks specifically at Company Operations and Strategy
and the Quality of the National Business Environment.
For the Philippines, the foundations for microeconomic competitiveness
has been eroded by the weaknesses in the Quality of the National
Business Environment.
1998
1999
2000
2001
2002
Change
Philippines
45
44
46
53
61
(8)
Singapore
10
12
9
9
9
0
Hong Kong SAR
12
21
16
18
19
(1)
Taiwan
20
19
21
21
16
5
Malaysia
27
27
30
37
26
11
Korea
28
28
27
28
28
0
Thailand
37
39
40
38
35
3
Indonesia
51
53
47
55
64
(9)
Vietnam
43
50
53
62
60
2
Source: Global Competitiveness
Programme of the World Economic Forum
