Malaysia is now the 14th most competitive economy in the world, according to a survey carried out by the Institute for Management Development (IMD) of Switzerland. The IMD survey measures how well countries manage their economic and human resources to increase prosperity. Fifty-nine countries were surveyed for this year’s Report.
According to the IMD, Malaysia strengthened its overall competitiveness by two positions, moving up to 14th position from last year’s 16th position. This ranking places Malaysia ahead of countries like Australia (15th), the United Kingdom (18th), Korea (22nd), China (23rd), Japan (27th), France (29th), Thailand (30th), Indonesia (42nd) and the Philippines (43rd).
The 15 most competitive economies in the world, according to the IMD rankings, are: Hong Kong, the USA, Switzerland, Singapore, Sweden, Canada, Taiwan, Norway, Germany, Qatar, Netherlands, Luxembourg, Denmark, Malaysia and Australia.
Among countries with GDP per capita of less than... Read More