source: http://www.mysinchew.com/node/77301
Malaysia second spot among Asean countries in the Global Competitiveness Report 2012-2013. Ranked the country eighth among 22 Asia Pacific countries ahead of China, India and other Asean countries except Singapore, and placed it among the top 20 per cent of the most competitive countries globally in a. report by the World Economic Forum (WEF), based in Geneva, Switzerland.
WEF has acknowledged Malaysia's efforts to move up the value chain and upgraded the country's stage of development to "transition towards innovation-driven" from "efficiency-driven" previously.
Malaysia has to increasingly focus on both non-technological and technological innovations to further enhance its competitiveness, most notable advantages are its efficient and competitive market for goods and services, its remarkably supportive financial sector, and its business-friendly institutional framework.
Malaysia second spot among Asean countries in the Global Competitiveness Report 2012-2013. Ranked the country eighth among 22 Asia Pacific countries ahead of China, India and other Asean countries except Singapore, and placed it among the top 20 per cent of the most competitive countries globally in a. report by the World Economic Forum (WEF), based in Geneva, Switzerland.
WEF has acknowledged Malaysia's efforts to move up the value chain and upgraded the country's stage of development to "transition towards innovation-driven" from "efficiency-driven" previously.
Malaysia has to increasingly focus on both non-technological and technological innovations to further enhance its competitiveness, most notable advantages are its efficient and competitive market for goods and services, its remarkably supportive financial sector, and its business-friendly institutional framework.
The report put Malaysia in the top ten among the 144 countries covered in many areas, including in the legal rights index (ranked first), pay and productivity (third), government services for improved business performance (fourth) and strength of investor protection (fourth).
Malaysia also did well in government regulation and ease of access to loans (eighth); financing through local equity market (ninth); and business impact of rules on foreign direct investments, as well as efficiency of legal framework in challenging regulations (10th).
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