Philippines as

Globalized
Country

Darren Kate Licupa

BSTM 1
 . 
Next World Organization
01 chief should be ‘bridge’ to
global, national goals: PH
envoy
Philippine is world’s
02 second top globalization
destination: index
Manila in the Philippines
Ranked Among Top Global
Startup Ecosystems, with
03 Fintech and Digital
Commerce Leading the
Way: Report
MANILA - The incoming World Trade Organization's director general should
be able to bridge interests of all members despite varying levels of
development to ensure a global system that benefits national goals of member
countries, Philippine Ambassador to the WTO Manuel Teehankee told ANC.
MANILA - The Philippines is the second top globalization destination
in the world this year, according to global strategic advisory firm Tholons. The
2018 Services Globalization Index saw the Philippines rising to the second spot
of the "Top 50 Digital Nations" after placing third last year. India continues to
dominate the list while Brazil follows the Philippines at third place. Other
countries in the top 10 are the United States, Mexico, Canada, Russia,
Vietnam, Colombia, and South Africa. "Most of the services will get
commoditized for the biggest leaders in services globalization like US, UK,
Canada, Europe, India, Philippines, East Europe, and Latin America," the index
report stated. Business process outsourcing is an economic lifeline in the
Philippines with over 1.15 million Filipinos working in the industry. The
industry, along with remittances from overseas workers, remains one of the top
2 earners of foreign exchange for the Philippines.
SUPER CITIES
Six cities from the Philippines, meanwhile, made it to the "Top 100
Super Cities," with Manila placing second to Bengaluru in India. The
Philippine capital, which ranked fourth in 2017, is followed by the Indian city
of Mumbai, which ranked third. The rest of the Philippine cities included in the
list all saw an improvement in their respective rankings. Close to the top 10 is
Cebu City, which ranked 11th from 12th last year, while President Rodrigo
Duterte's hometown Davao City went 10 notches higher to the 75th spot from
85th last year. Santa Rosa City in Laguna rose to the 87th spot from 100th last
year while Bacolod City climbed to the 89th spot from 97th in 2017. The
Visayan city of Iloilo, meanwhile, is a newcomer to the list, landing at the 92nd
spot. The index evaluates and ranks countries and cities based on availability
and quality of talent in the area, business catalyst or the level of industry-
related activity and organizational support, cost of doing business,
infrastructure, innovation, and risk and quality of life among others.
Manila has been ranked among the top 40 emerging startup ecosystems
in the world, according to a new report. While neighboring Southeast Asian
countries such as Malaysia and Indonesia are higher up on the list, the
Philippines has seen steady growth and development in its Fintech and larger
startup sector. Notably, Manila was ranked 31-40 on a list compiled and
published in the Global Startup Ecosystem Report (GSER). The capital city
shares the 31-40 spot with 9 other major cities including Houston in the US and
Xiamen in China. The GSER is one of the world’s most detailed and widely-
read research reports on startups. It’s prepared by Startup Genome, a policy
advisory organization for governments and private entities that aim to expand
their startup sectors. Silicon Valley continues to occupy the top spot in terms of
start-up ecosystem growth and development. There’s a tie between London and
New York for second place, and then Beijing and Boston. The rankings were
determined by using a weighted average that took several factors into
consideration: funding levels, overall performance, industry experience, talent,
and market reach.
 References:
https://www.ombudsman.gov.ph/UNDP4/globalization/index.html
https://news.abs-cbn.com/business/10/20/18/philippines-is-worlds-second-top-globalization-destination-
index