The latest (2009-2010) world competitiveness index, compiled by the World Economic Forum, shows the inevitable results that Malaysia’s ranking has dropped from 21 to 24.
The top 24 ranked countires are as followed: (for the full list , go here)
The Global Competitiveness Index 2009–2010 rankings and 2008–2009 comparisons © 2009 World Economic Forum GCI 2009–2010 GCI 2008–2009 Country/Economy Rank Score Rank* Switzerland 1 5.60 2 United States 2 5.59 1 Singapore 3 5.55 5 Sweden 4 5.51 4 Denmark 5 5.46 3 Finland 6 5.43 6 Germany 7 5.37 7 Japan 8 5.37 9 Canada 9 5.33 10 Netherlands 10 5.32 8 Hong Kong SAR 11 5.22 11 Taiwan, China 12 5.20 17 United Kingdom 13 5.19 12 Norway 14 5.17 15 Australia 15 5.15 18 France 16 5.13 16 Austria 17 5.13 14 Belgium 18 5.09 19 Korea, Rep. 19 5.00 13 New Zealand 20 4.98 24 Luxembourg 21 4.96 25 Qatar 22 4.95 26 United Arab Emirates 23 4.92 31 Malaysia 24 4.87 21
Many people may argue that being ranked NO. 24 is not so bad. Indeed, it is not too bad. But if you are swimming in a competition, and your opponents are overtaking you, and your ranking is dropping, it is not a good sign. I would rather the country’s ranking improves from NO 30 to 25, than to drop from 21 to 24, because any decline will have momentum and given more time, the momentum is going to move our country to even lower rankings.
The whole interactive report on Malaysia can be viewed here.
In 2006, I have written an article ”will Malaysia be marginalised”,and i thought thast we are going to be marginalised if we do not bucked up. True enough, our competitiveness is slipping slowly and if this is not checked, we will soon be dropping even further and in a few more years, we will be marginalised.
If I am a foreign investor and I want to invest here, I will read about the country widely and one of the yardsticks that I will consider is certainly this Global competitiveness.
For the past few months, we have too much of politicking, so much so that a lot of people are getting fed up . It is time for BN as well as PR to concentrate on administering and governing. Let the rakyat judge the performance of both sides, rather than using undemocratic ways to try to topple elected governments, which is the main cause of all the politicking for the past few months.
Rakyat elects a govenrment hoping that it can deliver, and once elections have decided the winner, let us give a chance for the winner to perform for the next couple of years, until the next election. If by then, anyone is not performing, I think the voting masses will know who to kick out and who to put in office….
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