SUMMARY
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The Philippines increased its level of competitiveness according to the 2014 Global Competitiveness Report released by the World Economic Forum on Wednesday, September 3. The country jumped 7 notches higher to place 52nd out of 144 economies, versus 59th in 2013. Since 2010, when the Aquino administration took office, the country has gained 33 places in the prestigious rankings which measures economies’ macroeconomic environment, financial market development, and innovation among other factors for competitiveness.
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