Our global competitiveness rankings for 2011 as produced by the Switzerland-based Institute of Management Development (IMD) ranked Malaysia 16th out of 59 countries, marking a significant drop from 10th in 2010. Malaysia ranked 18th in 2009.
Base on a 3 year trend. Malaysia still moving up from 18th in 2009 to 16th in 2011. At least it is an up trend.
When the rankings jump from 18th in 2009 to 10th last year. Government should know it is not easy to sustain. Malaysian would not have such disappointment if government evaluate it sustainability last year. It is now clear that Malaysia ranked high in 2010 due to 2008/2009 Global Financial crises which cause a lot of European country ranked lowly rather than Malaysia improved it own competitiveness. Now, when some European countries rebound. At least we can see where we stand.
Let have a 3 year ranking to see what is trend of Malaysia :
2011 2010 2009
USA 1 3 1
Hong Kong 2 2 2
Singapore 3 1 3
Sweden 4 6 6
Switzerland 5 4 4
Taiwan 6 8 23
Canada 7 7 8
Qatar 8 15 14
Australia 9 5 7
Germany 10 16 13
Luxembourg 11 11 12
Denmark 12 13 5
Norway 13 9 11
Netherlands 14 12 10
Finland 15 19 9
Malaysia 16 10 18
Israel 17 17 24
In fact, Malaysia has move up from 23th in 2007 to 16 in 2011
Singapore, which often benchmark against Switzerland and Hong Kong has been consistently rank higher than Switzerland
The highest up trend country was Taiwan, up from 23th in 2009 to 6th in 2011.After change of ruling party pro- China via Economic Cooperation Framework Agreement (ECFA)
I have advocate Malaysia to benchmark against Sweden and Taiwan as early in 2005
Look at the above trend again. If we benchmark against Norway, which rank No 9 last year, We might still at 14th this year as Norway has drop to 13th. Thus, it is other countries that have improved their competitiveness that they overtake Norway and Malaysia rather than Malaysia dropping in Competitiveness.
Of course, Malaysia do drop in competitiveness to Netherland (14) & Findland (15).
Malaysia should at least rank 12th if able to overtake last year 9th position........Norway.
Hong Kong ranked top in both Government Efficiency & Business Efficiency
US ranked top in Economic Performance and Infrastructure
Singapore ranked second in both Government Efficiency & Business Efficiency after Hong Kong
Hong Kong ranked 4th in Economic Performance and Singapore ranked 5th
Sweden ranked second in Infrastructure after US for last 3 consecutive year
Related Post:
Lim Kit Siang : Malaysia slips in economic competitiveness
Tony Pua : Competitiveness Rankings Drop: Just "Perception"?
Lim Guan Eng : Malaysia has dropped six places from 10th in 2010 to 16th in the IMD’s 2011 World Competitive Rankings(en/bm/cn).
Dr. Dzul : Malaysia slips in economic competitiveness
Din Merican: the Malaysian DJ Blogger : Malaysia is No 16 in IMD 2011 World Competitiveness Rankings
1-million-dollar-blog : 2011 IMD World Most Competitive Countries
Next Post: Part 2:Economic Performance
