Among the most improved countries, the indicators that stood out were related to government and business efficiency
as well as productivity, according to Arturo Bris, the center's director.
In the four categories, the Philippines was pulled down by its rankings in government efficiency and business efficiency
, which dropped by one and four notches, respectively.
The linkages are clearly evident as nine countries from the top 10 are also listed in the top 10 of the business efficiency
In the IMD list, Brazil had the biggest gap at minus-26 points, based on a government efficiency ranking of 55 and business efficiency
ranking of 29.
The ranking covers 61 countries and involves 342 criteria under four broad categories: economic performance, government efficiency, business efficiency
In global efficiency matrices, both in terms of government efficiency and business efficiency
, the UAE continued to perform well.