WASHINGTON – The Philippines moved to 56th place among 152 countries in the annual rankings on economic freedom around the world.
It also improved its score to 7.21 out of a possible 10 points, said the Economic Freedom of the World: 2013 annual report.
Previously the Philippines was in 61st place with a score of 7.12.
Of 152 countries and territories surveyed for the report released by the Fraser Institute, Canada’s leading policy think tank, Hong Kong with a score of 8.97 points followed by Singapore (8.73 points) once again occupied the top two positions.
The United Kingdom was in 12th place, the United States in 17th and South Korea in 33rd place.
Economic freedom is measured in five different areas: (1) size of government, (2) legal system and security of property rights, (3) access to sound money, (4) freedom to trade internationally, and (5) regulation of credit, labor, and business.
The economic freedom scores and world rankings in brackets for the Philippines were: Size of government 8.3 (8), Legal system and property rights 4.6 (105), Sound money 9.3 (40), Freedom to trade internationally 6.7 (99) and Regulations of credit, labor and business 7.1 (76).
The rankings in this year’s report are based on 2011 data, the most recent year for which comprehensive figures are available.
Venezuela was in the 152nd and last place with a score of 3.93 points.
Singapore was the best performer among the Association of Southeast Asian Nations (ASEAN) in the world rankings in 2nd place, followed by the Philippines, (56th) and Malaysia (68th).
Indonesia was in 80th place followed by Thailand in 94th and Vietnam in 122nd place. –Jose Katigbak, Star Washington bureau (The Philippine Star)
Nov 16 – International Day for Tolerance
“No more toleration of corruption!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
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November
Nov 2 – Intl Day to End Impunity for
Crimes Against Journalists
Nov 9 – World Science Day for Peace
and Development
Nov 16 – International Day for Tolerance
Nov 19 – World Toilet Day
Nov 20 – World Children’s Day
Nov 25 – Intl Day for the Elimination of
Violence Against Women
Monthly Observances:
Homes Safety Month
Filipino Values Month
National Rice Awareness Month
National Consciousness Month
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Environmental Awareness Month
National Children’s Month
Organic Agriculture Month
Weekly Observances:
Nov 19-25: Global Warming and
Climate Change Consciousness Week
Nov 23-29: National Girls’ Week
Population and Development Week
Nov 25 – Dec 12: Social Welfare Week
18-Day Campaign to End
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Week 2: Week 3: Drug Abuse Prevention
and Control Week
Last Week: Safety and Accident
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Daily Observances:
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Day
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