December 19 ------ The City of Manila was hailed as the most competitive highly urbanized city in the country in the Department of Trade and Industry’s 8th Regional Competitiveness Summit held on Wednesday. It also won first place in two other categories – Most Competitive in Government Efficiency in Highly Urbanized Cities; and Most Competitive in Infrastructure for Highly Urbanized Cities.
The capital city placed third for the economic dynamism and resiliency awards under the highly urbanized cities category. The awards given for the Regional Competitiveness Summit are based on the Cities and Municipalities Competitiveness Index, an annual ranking of the competitiveness of cities and municipalities in the country. In measuring the competitiveness of cities and municipalities, four indicators are looked at.
These are: economic dynamism, or activities that generate more jobs and businesses in the city; government efficiency, or the quality of service and reliability of the local government unit; infrastructure, or the physical development of the city; and resiliency, or the capability of the city to pursue development even after a tragedy.
Source: mb.com.ph
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