From 44th place in 2021, the Philippines slipped 10 notches in the Frontier Technologies Readiness Index, dropping to 54th spot among 166 economies in the world. Know more:
FROM 44th place in 2021, the Philippines slipped 10 notches in the Frontier Technologies Readiness Index, dropping to 54th spot among 166 economies in the world, a 2022 report by the United Nations Conference on Trade and Development showed.
The index ranks 166 countries based on ICT, skills, research and development, industrial capacity and finance indicators. Unctad noted that the United States, Sweden and Singapore received the highest scores in 2022. Unctad noted that the index shows countries in Latin America, the Caribbean and sub-Saharan Africa are the least ready to harness frontier technologies and are at risk of missing current technological opportunities.
For the Philippines, Unctad noted that its Department of Science and Technology supports R&D projects in line with green technology innovation.
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