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Monday, June 13, 2011

My Comment on IMD 2011 World Competitiveness Ranking - Part 1

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