Subscribe in a reader | Subscribe by Email Malaysia has improved on its ranking from 26 (out of 139 countries) in the 2010-2011 report to 21 (out of 142 countries) in the latest report. We did very well in financial market development (3rd in the world). This is a definite boost to the current government as many areas has seen improvement compared to last year’s report and in fact the ranking has improved from the last 3 years. Not sure how the recent economic downturn will affect next year’s rankings.
Summary provided by WEF:
Malaysia gains five ranks to reach 21st position, registering improvements across the board. The country’s progress is particularly noteworthy in the institutions and macroeconomic environment pillars, as well as in several measures of market efficiency. Among the prominent advantages of this strong and consistent performance are its efficient and sound financial sector— which places among the world’s most developed, just behind Singapore and Hong Kong—and its highly efficient goods market, ranked 15th. In addition, its macroeconomic situation has improved markedly over the past year to reach 29th place, even though the country continues to run a budget deficit of about 5 percent of GDP. As it moves toward becoming more innovation driven, Malaysia will need to improve its performance in education and technological readiness. In the latter dimension, the country places a low 44th, with room for improvement in technological adoption by both businesses and the population at large. In terms of higher education and training (38th), improving access remains a priority in light of low enrollment rates of 69 percent (101st) and 36 percent (66th) for secondary and tertiary education, respectively.
refer 2010-2011 report here (Malaysia’s stats is on page 228-229):
http://www3.weforum.org/docs/WEF_GlobalCompetitivenessReport_2010-11.pdf
refer 2011-2012 report here (Malaysia’s stats is on page 248-249):
http://www3.weforum.org/docs/WEF_GCR_Report_2011-12.pdf
You can also view the report in interactive HTML format here:
http://reports.weforum.org/global-competitiveness-2011-2012/
