Cordillera - Baguio City was hailed as the fourth Most Improved Highly Urbanized City in the country this year, a huge leap compared to its previous ranking in 2018.
The Department of Trade and Industry (DTI) - Competitiveness Bureau released the result during the 7th Regional Competitiveness Summit on Thursday October 24, 2019 at the Philippine International Convention Center.
Baguio placed fourth in the "economic dynamism" category behind Cagayan de Oro, Bacolod and Paranaque.
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Economic dynamism measures the economic activity and productivity of the local government in a particular city jurisdiction.
The rankings of cities and municipalities are based on the ratings of the four pillars which include economic dynamism, government efficiency, infrastructure and resiliency.
The ranking serves as an opportunity for local policy makers and public officials to do more, to become innovative and to utilize and manage resources more effectively.
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DTI Secretary Ramon M. Lopez encouraged each city and municipality to "focus on addressing critical challenges and working together through coordination with the government and collaboration with stakeholders from private sectors."