September 6, 2012
Global Competitiveness Ranking: Malaysia slides faom 21st to 25th Slot
by Koh June Lin (09-05-12)@www.malaysiakini.com
Malaysia has dropped from 21st to 25th slot out of 144 countries in tellurian competitiveness, according to a Global Competitiveness Report 2012 2013.
The annual report, released by a World Economic Forum (WEF) today, additionally shows which Malaysia's 'technological readiness' is ranked 51st, maintaining a five-year downtrend.
This was notwithstanding a altogether score remaining relatively steady during 5.06 points out of a limit of seven points, compared to 5.08 previously.
"Malaysia as well as alternative countries have been putting in a lot of initiatives. There have been four countries which have been faster growing in conditions of their competitiveness here, as well as they have been South Korea (ranked 19th), Luxemburg (22nd), New Zealand (23rd) as well as a United Arab Emirates (24th)," pronounced Malaysia Productivity Corporation (MPC) Senior Director Lee Saw Hoon in explaining a dump in ranking.
Lee was vocalization during a press discussion during MPC's domicile in Petaling Jaya currently in conjunction with a release of a report.She additionally pronounced which a inform additionally "upgrades" Malaysia's standing from an efficiency-driven economy to a nation which is "in transition" to an innovation-driven economy.
In a report, a criteria for a latter sequence is to have a sum made at home product (GDP) per capita in between USD9,000 to USD17,000 as well as a change entails a shift in a weightage of various ! opening indicators towards those which promote innovation.
The inform additionally places Malaysia's competitiveness second to Singapore in a Asean region, as well as eighth in a Asia-Pacific region.
Low turn of technological readiness
With courtesy to Malaysia's technological readiness, a inform notes three areas which require improvement, namely: general internet bandwidth in kilobits per second per user (ranked 83rd), broadband internet subscriptions per 100 population (68th) as well as mobile broadband subscriptions per 100 population (64th).
"Its (Malaysia's) low turn of technological readiness (51st) is surprising, generally given its achievements in alternative areas of creation as well as commercial operation miss of simplicity as well as a country's focus upon compelling a make use of of ICT.
"Lack of progress in this area will significantly criticise Malaysia's efforts to turn a knowledge-based economy by a finish of a decade," a inform wrote.
In a press statement today, International Trade as well as Industry Minister Mustapa Mohamed pronounced there is a discrepancy in between notice as well as what a interpretation shows, as well as does not simulate Malaysia's actual condition.
"Towards this end, a supervision will safeguard which consolidated as well as extensive interpretation as well as information is supposing to general interpretation sources such as a International Communications Union as well as a World Intellectual Property Organisation," he said.
Mustapa (right) added which a upcoming launch of a! 1Malaysia Affordable Broadband Package could be approaching to improve a situation.
Meanwhile a inform additionally praised Malaysia's markets for being "efficient as well as competitive" as well as supported by both a precocious financial zone (ranked 6th) as well as business-friendly institutional frameworks (28th).
The inform further praised a government's efforts to fight excessive bureaucracy as well as miss of transparency, saying, "in a segment where many economies humour from miss of clarity as well as a participation of red tape, Malaysia stands out as particularly successful during rebellious those tow issues."
Regardless, in an perspective check of 79 commercial operation executives in Malaysia conducted as part of a report, respondents still reported inefficient supervision bureaucracy as a biggest problem for doing commercial operation in Malaysia, followed by crime as well as an insufficiently prepared workforce.
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