class="default Implementing focused and flexible industrial and trade policy to promote competitiveness
and facilitate long-run growth.
The Dubai Competitiveness
Office provides relevant reports and conducts workshops for government agencies and business communities in Dubai to prepare them for future opportunities and challenges in sustaining competitiveness
'For example, IMD equates surplus with competitiveness
so that the Philippines, because of its Build, Build, Build program is expected to incur deficits and, thus, be artificially rated as one which is losing in competitiveness
Not only was the IMD report limited but it 'also penalizes countries that collect more taxes to increase spending for infrastructure development and thus boost competitiveness
,' the DOF said.
"IMD equates [budget] surplus with competitiveness
so that the Philippines, because of its Build, Build, Build Program is expected to incur deficits and, thus, be artificially rated as one which is losing in competitiveness
," Beltran noted.
This, as he said competitiveness
and ease of doing business is among the priorities under the socioeconomic agenda of President Duterte.
has become an integral part of the government work system in the country," he added.
Hani Al Hamli, secretary-general of Dubai Competitiveness
Office, said: "The importance of the report lies in the use of innovative ideas and projects involving various government entities involved in Dubai 10X initiative to promote Dubai's competitive position globally.
Oman was the only country in the GCC States which made a progress in the 2018 competitiveness
report, he said, adding that the Sultanate's ranking in the same index was 47th worldwide during the year 2018.
This theme measures the efficiency of the telecommunications sector in countries through a number of global competitiveness
The World Economic Forum published its annual Global Competitiveness
Report in mid-October 2018.