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On July 29, 2005, Forbes Magazine listed President Gloria Arroyo as the "fourth Most Powerful Woman" in the world, with United States Secretary Condoleezza Rice topping the list and beating out presidents, celebrities and businesswomen.
Also in the list were:
Visit this Forbes page http://www.forbes.com/lists/2005/11/1YDI.html for the complete 2005 list.
The Forbes rankings are based on a composite of visibility (measured by press citations) and economic impact. The latter, in turn, reflects three things: résumé (a prime minister is more powerful than a senator); the size of the economic sphere over which a leader holds sway; and a multiplier that aims to make different economic yardsticks comparable.
Reference:
Philippines News Agency
www.forbes.com