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The Philippines Is One of the Least Talent-Competitive Countries in Southeast Asia

See the list here.
IMAGE RAWPIXEL/ UNSPLASH

INSEAD has just released this year's Global Talent Competitiveness Index (GTCI). The annual report measures how countries and cities "grow, attract, and retain talent."  The index looks at a country's global knowledge skills, vocational and technical skills, as well as ability to retain, enable, attract, and grow. Higher rankings are typically associated with higher income levels.

Switzerland, Singapore, and the United States topped this year's rankings with more European countries dominating the top 20. Check out the top 10 countries in this year's Global Talent Competitiveness Index.

  1. Switzerland
  2. Singapore
  3. U.S.A.
  4. Denmark
  5. Sweden
  6. Netherlands
  7. Finland
  8. Luxembourg
  9. Norway
  10. Iceland

See the full list here.

The Philippines, obviously, didn't make it to the top 10 as it ranked at the 70th spot out of 134 countries which puts us in the middle of the list. Out of all the Southeast Asian countries, however, the Philippines landed near the bottom to be one of the least talent-competitive countries in the region.

The report says the Philippines was impressive when it came to lifelong learning, but disappointed in formal education. What we really need to improve are our pool of vocational and technical skills and the capacity to retain talent.

"It is now time to 'think post-pandemic,'" says Felipe Monteiro, academic director of the GTCI and INSEAD senior affiliate professor of strategy. "Jobs linked to digital transformation and the greening of most sectors (finance, energy to transport, manufacturing and agriculture) will be in high demand across geographies."

He adds, "Top-ranked Switzerland and Singapore are speeding up transitions to a sustainable, future-proof economy. Switzerland is strengthening its position as a leader in sustainable finance and Singapore is forging ahead with its ambitious 'Green Plan 2030' and making headways in digital trade and green economy cooperation with China. These forward-looking nations are taking steps to build robust economies and societies."

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Paolo Chua
Associate Style Editor
Paolo Chua is the Associate Style Editor at Esquire Philippines, where he writes about fashion and grooming. Before joining Esquire Philippines, he was a writer at Town & Country Philippines.
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