The Philippines climbed a spot in the 2025 World Competitiveness Yearbook, taking 51st place out of 69 economies.

The volatility in U.S. trade policy has not yet wreaked havoc on the U.S. economy, but it is already being felt among U.S. trading partners across the world.

As China became the globe’s dominant trade superpower, largely on the strength of its manufacturing prowess, leaders in the ...