The Philippines: One of the most globally competitive Asian economies

The Philippines: One of the most globally competitive Asian economies

OABPO Blog Team Published on September 3, 2014

the Philippines-One of the most globally competitive Asian economies- Open-Access-BPO
Philippine outsourcing providers now have a new accolade to include on the list of qualifications that the country can parade to potential investors.
Today, the World Economic Forum (WEF) released the Global Competitiveness Report 2014-2015 where the Philippines holds a place that s seven notches higher than its 2013 ranking. From the 59th place last year, the country climbed to its current 52nd ranking, proving its economy s global competitiveness.
“The country’s gain of 33 places since 2010 is the largest over that period among all countries studied. The results suggest that the reforms of the past four years have bolstered the country s economic fundamentals,” the WEF report said.

Basing on over 100 factors that are grouped into 12 pillars, WEF measures the competitiveness of 144 countries. The trends, according to WEF, are positive and truly remarkable in some cases.

the Philippines-One of the most globally competitive Asian economies- Open-Access-BPO--

Among the indexed economies, the Philippines showed the biggest improvements under these categories: innovation, institutions, macroeconomic environment, and goods market efficiency.
“In particular, there are signs that the efforts made against corruption have started bearing fruit: in terms of ethics and corruption, the country has moved from 135th in 2010 to 81st this year. The recent success of the government in tackling some of the most pressing structural issues provides evidence that bold reforms can yield positive results relatively quickly,” stated the report.

Topping Asia’s best
The Philippines seven-notch climb is also the farthest among fellow outsourcing capitals in Southeast Asia. The call center capital is then followed by Thailand, which advanced six places from 37th last year to 31st in 2014.
Additionally, the Philippines is ahead of Vietnam, Cambodia, Lao People s Democratic Republic, and Myanmar in terms of competitiveness by placing fifth in the list of Southeast Asian countries that were included in the index. The Philippines followed Singapore, Malaysia, Thailand, and Indonesia, which occupied the top four spots within the continent.
Overall, two Asian nations – Japan and Hong Kong – ere included in the global top ten, joining other most competitive Western economies namely the United Kingdom, the Netherlands, and Sweden.

Leave a Reply

JOIN US ON FACEBOOK
Open Access BPO
Open Access BPO5 hours ago
Over a billion people speak variations of the Chinese language worldwide. Brands hoping to enhance their client-consumer relationships with the Chinese market should consider partnering with Open Access BPO’s Xiamen facility. Here's why: https://buff.ly/3bi1ArX

#WeSpeakYourLanguage #callcenter #outsourcing
Open Access BPO
Open Access BPO8 hours ago
Maximize your business capacity in the Chinese ecommerce market. Read our 5 recommendations to understand this sector's key differences from other consumers around the globe: https://buff.ly/3nvVudf

Open Access offers #multichannel #CX in Mandarin, Cantonese, and Hokkien: https://buff.ly/3md2Hzr

#WeSpeakYourLanguage #Outsourcing
Open Access BPO
Open Access BPO1 day ago
Open Access BPO Taipei specializes in East Asian languages to help your business reach a larger Asian market. Our location employs highly skilled native Mandarin, Cantonese, Japanese, and Korean-speaking professionals. Visit our site learn more about our Taipei campus and to contact us: https://buff.ly/3ntAF26

#WeSpeakYourLanguage #callcenter #outsourcing
Open Access BPO
Open Access BPO2 days ago
Generally known as the language of love (and diplomacy), French is one of the most important business languages your multinational company needs to support. It lets you reach 300 million speakers around the world.

Here are the top languages businesses must offer to remain competitive in international markets: https://buff.ly/3vOzzSA

For #CustomerService and #BackOffice support in over 30 languages, contact Open Access BPO today: https://buff.ly/3pGZElc

#WeSpeakYourLanguage #outsourcing
Open Access BPO
Open Access BPO4 days ago
Partnering with Open Access BPO’s Davao site puts highly skilled professionals in your brand's frontline. This campus in the Philippines also serves as our backup site for providing uninterrupted #customerservice and #backoffice solutions for your English-speaking customers. Get to know our Davao operations: https://buff.ly/3m6roOk

#WeSpeakYourLanguage #callcenter #outsourcing
Open Access BPO
Open Access BPO4 days ago
Open Access BPO's Las Vegas office is moving to new location as it starts to expand its operations with on-site managed #onshoring programs, a support campaign for a healthcare provider. https://buff.ly/3b1jK1e

Experience the Open Access BPO Difference with high-quality #CustomerSupport and #ContentModeration in over 30 languages. https://buff.ly/3ps8VNV

#WeSpeakYourLanguage #MultilingualCallCenter #outsourcing
Do NOT follow this link or you will be banned from the site!