THE country's improved rank in the 2024 Global Innovation Index (GII) reflects the government's commitment to foster a culture of innovation and enhance competitiveness in both domestic and global markets, National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said Friday.

The Philippines recently ranked 53rd out of 133 economies in the 2024 GII, an improvement from its 56th place in 2023.

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