In the 6th Regional Competitiveness Summit held August 16, 2018, the Department of Trade and Industry’s (DTI) Competitiveness Bureau released the 2018 Cities and Municipalities Competitiveness Index (CMCI). Through this index, DTI aims to advocate and build a competitive governance paradigm of local government units (LGU) in order to raise the overall competitiveness of the country.
Competitiveness indicates the ability of a nation to maintain high rates of economic growth and productivity with sustained employment. More competitive economies tend to achieve higher levels of income for their citizens.
The index utilizes data on four pillars composed of over 40 indicators. These four pillars are:
This is usually associated with activities that create stable expansion of business and industries and higher employment.
This refers to the quality and reliability of government services and government support for effective and sustainable productive expansion.
This is composed of the physical building blocks that connect, expand, and sustain a locality and its surroundings to enable the provision of goods and services.
This is the capacity of a locality to facilitate businesses and industries to create jobs, raise productivity, and increase the incomes of citizens over time despite of the shocks and stresses it encounters.