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Philippine Star
Philippine Star
The Philippine Star February 18, 2022 | 12:00am Since 2017, the Philippines has been slipping in the global Index of Economic Freedom. The slide continued in the latest index, with the country falling to 80th place out of 177 economies, from 73rd out of 178 in the previous year. This brings the country to the bottom ranks of the “moderately free” economies. The index ranks economies based on the rule of law, government size, regulatory efficiency and open markets. US-based think tank The Heritage Foundation, which draws up the annual index, noted weaknesses in the Philippines’ “judicial effect…