Manila ranked 9th most dynamic city in the world

In the post-recession world, the Brookings Metropolitan Policy Program ranked Manila as no. 9 on the 30 Most Dynamic Cities in the World. Surprised? Anyone who’s been to Manila recently won’t have failed to notice the construction boom so perhaps there’s something to this.

“Talk about relying on overseas capital: The Philippines depends so heavily on remittances from far-flung Filipino workers that a 7 percent boost in mailed cash this year dramatically improved the country’s economic projections for 2010. Healthy tourism and demand for IT products helped Manila crack the top ten in Brookings’ rankings for the first time.”

Source: The Atlantic – 30 Most Dynamic Cities in the World

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