About The Report Report Highlights Global Competitiveness Index (GCI) 2017-2018 Overall Rankings Top 10 Countries Malaysia’s Performance among APEC & ASEAN Community ASEAN vs East Asia and Pacifc Malaysia’s Performance 2008-2017 Performance by Pillar Malaysia’s Competitiveness Landscape Pillar 1: Institutions Pillar 2: Infrastructure Pillar 3: Macroeconomic Environment Pillar 4: Health and Primary Education Pillar 5: Higher Education and Training Pillar 6: Goods Market Effciency Pillar 7: Labor Market Effciency Pillar 8: Financial Market Development Pillar 9: Technological Readiness Pillar 10: Market Size Pillar 11: Business Sophistication Pillar 12: Innovation Way Forward: Accelerating Implementation The Competitiveness Marathon Learning from Others Classifcation by Each Stage of Development Fast Facts 2 3 6 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 28 29 30 31 MPC | GLOBAL COMPETITIVENESS REPORT 2017-2018 1
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ASEAN vs East Asia and Paciic - Malaysia Productivity ... The Report Report Highlights Global Competitiveness Index (GCI) 2017-2018 Overall Rankings Top 10 Countries Malaysia’s Performance
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About The Report
Report Highlights
Global Competitiveness Index (GCI) 2017-2018 Overall Rankings
Top 10 Countries
Malaysia’s Performance among APEC & ASEAN Community
ASEAN vs East Asia and PacificMalaysia’s Performance 2008-2017
Performance by Pillar
Malaysia’s Competitiveness Landscape
Pillar 1: Institutions
Pillar 2: Infrastructure
Pillar 3: Macroeconomic Environment
Pillar 4: Health and Primary Education
Pillar 5: Higher Education and Training
Pillar6:GoodsMarketEfficiency Pillar7:LaborMarketEfficiency Pillar 8: Financial Market Development
Pillar 9: Technological Readiness
Pillar 10: Market Size
Pillar 11: Business Sophistication
Pillar 12: Innovation
Way Forward: Accelerating Implementation
The Competitiveness Marathon
Learning from Others
Classification by Each Stage of DevelopmentFast Facts
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ABOUT THE
REPORT
Countries
Qualitative
Since
1979
Indicators
12Pillars
Quantitative
GlobalCompetitiveness
Index
GlobalCompetitiveness Report 2017-2018
137
114
70%
30%Published
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REPORTHIGHLIGHTS
Global Competitiveness Index (GCI) 2017-2018
methodology, used 114 indicators comprising
34 quantitative data (30%) and 80 qualitative
data (70%). Quantitative data were derived
from internationally recognized organizations,
notably the International Monetary Fund (IMF);
the World Bank; and various United Nations’
specialized agencies, including the International
Telecommunication Union, UNESCO, and the
World Health Organization. The GCI also includes
indicators derived from the World Economic
Forum’s Executive Opinion Survey (EOS) that
reflect qualitative aspects of competitiveness,
or for which comprehensive and comparable
statistical data are not available for a sufficiently large number of economies.
With an enhanced competitiveness
performance, Malaysia (23rd) continues to be
ahead of economies such as Korea Rep. (26th),
China (27th), Iceland (28th), Estonia (29th) and Saudi
Arabia (30th).
The GCI takes the stages of development
into account by attributing higher relative
weights to those pillars that are more relevant
for an economy given its particular stage of
development. To implement this concept, the
pillars are organized into three sub-indexes, each
critical to a particular stage of development.
Malaysia falls between two stages and considered
to be in transition between efficiency enhancer sub-index and innovation and sophistication
factors sub-index countries with GDP per
capita between USD9,000 to 17,000. Among 20
economies in this transition stage, Malaysia is the
most competitive economy ahead of countries
such as Saudi Arabia (30th), Chile (33rd), Poland
(39th), and Turkey (53rd).
Among Asia-Pacific Economic Cooperation (APEC) countries, Malaysia ranked 9th after United
States, Singapore, Hong Kong SAR, Japan, New
Zealand, Canada, Taiwan, and Australia and ahead
of Korea, Rep. (10th), China (11th), and Thailand
(12th).
Most of the ASEAN countries had improved
their ranking respectively including Malaysia to
23rd position (25th). Brunei Darussalam made
the largest strides improving their ranking by 12
places to rank 46th (58th). Thailand climbed two
places to rank 32nd; Indonesia improved 5 places
to rank 36th, Vietnam increased 5 places to rank
55th and the Philippines improved one place to
rank 56th. Laos and Cambodia, however dropped
five places to rank 98th and 94th respectively.
Despite declining by 1 position, Singapore at 3rd
position remained the most competitive economy
in the region.
This Report identifies insights from the 12 pillars that are particularly relevant to growth and
development in the context of competitiveness
of a country. It assesses factors that contribute
not only to productivity but also to other
societal goals, such as inclusion, mobility, and
sustainability.
The Global Competitiveness Report 2017-2018, released by the World Economic Forum (WEF) on 27th September 2017, ranked Malaysia 23rd out of 137 economies with a score of 5.17 improving two positions as compared to 25th position out of 138 economies with a score of 5.16 previously overtaking Ireland (24th) and Qatar (25th).
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At the indicator level, the following indicators
achieved top 10 position have contributed
significantly to the performance of pillars and overall rankings:
i. Inflation1, ranks 1st (1st);
ii. Strength of investor protection, ranks
3rd(4th);
iii. Government procurement of advanced
technology products, ranks 4th (3rd);
iv. Burden of government regulation, ranks 5th
(6th);
v. Pay and productivity, ranks 5th (6th);
vi. Agricultural policy costs, ranks 7th (8th);
vii. Availability of scientist and engineers, ranks
7th (7th)
viii. Extent of staff training, ranks 9th (9th);
ix. Venture capital availability, ranks 9th (6th);
and
x. Extent of marketing, ranks 10th(9th);
Health & Primary Education pillar improved
significantly recording double digit (14 places) improvement to 30th position from 44th last year. The
contributing indicators to the improvements are:
i. Primary education enrollment rate, ranks
32nd (77th), improved 45 places;
ii. HIV prevelance, ranks 73rd, (85th), improved
12 places;
iii. Turberculosis Incidence, ranks 90th, (93rd),
improved 3 places; and
iv. Infant mortality, ranks 44th, (45th), improved
1 place.
Pillars that maintained their positions are Market
Size, ranks 24th, Business Sophistication, ranks 20th
and Innovation, ranks 22nd.
Pillars that declined in rankings are Institutions,
problematic factors for doing business in their country and to rank them between 1 (most problematic) and 5. The score corresponds to
the responses weighted according to their rankings.
0 4 8 12 16
23rd/137The Global Competitiveness Index 2017-2018 edition
Key Indicators
Population
GDP GDP (PPP)
GDP per capita
Performance overview
Global Competitiveness Index
1st pillar: Institution 27 5.0
2nd pillar: Infrastructure 22 5.5
3rd pillar: Macroeconomics environment 34 5.4
4th pillar: Health and Primary education 30 6.3
5th pillar: Higher education and training 45 4.9
8th pillar: Financial market development 16 5.0
9th pillar: Technological readiness 46 4.9
10th pillar: Market size 24 5.1
12th pillar: Innovation 22 4.7
Rank/137Score
(1-7)Trend
Distance
from best
Subindex A: Basic requirements 24
23 5.2
5.5
24 4.9
21 4.9
Index Component
31.7
296.4
millions
US$ billions
US$
% world GDP
9,360.5
0.72
9,556.8
0.72
Rank
Edition
Score
25/144
2012-13
5.1
24/148
2013-14
5.0
20/144
2014-15
5.2
18/140
2015-16
5.2
25/138
2016-17
5.2
23/137
2017-18
5.2
1
7
1st pillar:Institutions
2nd pillar:Infrastructure
3rd pillar:Macroeconomicenvironment
4th pillar:Health and primaryeducation
5th pillar:Higher educationand training
6th pillar:Goods market
7th pillar:Labor market
8th pillar:Financial market
development
9th pillar:Technological
readiness
10th pillar:Market size
11th pillar:Business
sophistication
12th pillar:Innovation
11111111111
Malaysia
31.0
296.2
2016 2015 2016 2015
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WAY FORWARD:ACCELERATINGIMPLEMENTATION
WEF has outlined several steps in accelerating competitiveness agendas as follows:
Malaysia continues to be ranked by the World Economic Forum’s Global Competitiveness Report (GCR) in its 39th publication, as the most competitive economy among developing countries in Asia. Malaysia overtakes Ireland and Qatar and remains ahead of economies such as Republic of Korea, China, Iceland and Estonia. It is essential to note that all countries ranked above Malaysia are developed and high income economies.
In the GCR 2017-18, Malaysia ranks 23rd among 137 economies advancing 2 spots from 25th the previous year. In terms of scores, our performance improved to 5.17 from 5.16 of a maximum of 7. Meanwhile, countries and territories that slipped in their ranking include Singapore, Sweden, United Kingdom, Japan, Taiwan, UAE, Belgium, Australia and France.
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In line with the recommendation by WEF, various strategic initiatives have been undertaken and will continuously be intensified to enhance Malaysia’s performance. They include:
WAY FORWARD:ACCELERATINGIMPLEMENTATION
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3
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5
Post Release ofCompetitiveness ReportsEngagements Sessions
Dissemination of informationthrough printed and
electronics publications
Data management programmeby Civil Service Delivery
Unit (CSDU)
Formation of OversightCompetitiveness Committee (OCC)
to monitor Key PerformanceIndicators (KPI) in the MDAs
(Ministries, Departments andAgencies)
Benchmarking and BestPractices activities
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7
8
9
10
Strengthening Collaborationwith Academia and
International Organizations
PEMUDAH Task Force to helplift Malaysia's international
rankings by simplifyingprocesses and reducing costs