SUMMARY
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The Philippines was one of the most improved countries in the region in the 2013 World Competitiveness Yearbook (WCY) ranking. The country improved 5 notches to 38th out of 60 countries worldwide on the back of strong macroeconomic fundamentals and upbeat investor confidence. In 2012, the country ranked 43rd out of 59 countries. Among its peers in the Asia-Pacific, the Philippines, with its score of 63.146, bested Indonesia and India which ranked 39th and 40th, overall.
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