Malaysia world's 12th most competitive nation
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KUALA LUMPUR: Malaysia which was the world's 15th most competitive nation last year has improved its ranking up three notches to now become the world's 12th most competitive nation in 2014.
Should this momentum continue, Malaysia could break into the top ten by 2020.
Malaysia continues to be ahead of the UK (16th), Australia (17th), Finland (18th), New Zealand (20th), Japan (21st) and Korea (26th).
The world's most competitive nation in numerical order are the US, Switzerland, Singapore, Hong Kong, Sweden and Germany.
The findings are compiled in international survey of 60 economies called World Competitiveness Yearbook 2014 by the World Competitiveness Center of the Institute for Management Development, Lausanne, Switzerland.
The yearbook analyses and ranks the ability of nations to create and maintainan an environment that sustains the competitiveness of enterprises.
In a separate statement, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said this is Malaysia's best performance in the last four years and reflect the measures undertaken by the Government Transformation Programme and the Economic Transformation Programme.
"Malaysia expects a much better performance in the next 3 and 5 years as more of its initiatives begin to bear fruit," said Mustapa.
World Competitiveness Yearbook 2014
| ||
| No | Year | Year |
| 1 | USA | USA |
| 2 | Switzerland | Switzerland |
| 3 | Singapore | Hong Kong |
| 4 | Hong Kong | Sweden |
| 5 | Sweden | Singapore |
| 6 | Germany | Norway |
| 7 | Canada | Canada |
| 8 | UAE | UAE |
| 9 | Denmark | Germany |
| 10 | Norway | N/A |
| 11 | Luxemborg | Taiwan |
| 12 | Malaysia | Denmark |
| 13 | Taiwan | Luxemborg |
| 14 | Netherlands | Netherlands |
| 15 | Ireland | Malaysia |
Source: World Competitiveness yearbook 2014 of the Institute for Management Development.
Read more: Malaysia world's 12th most competitive nation - Latest - New Straits Times http://www.nst.com.my/latest/malaysia-world-s-12th-most-competitive-nation-1.602361#ixzz32ObD8mFp
