Malaysia Remains A Competitive World Economic Player
Still not good enough, eh?
KUALA LUMPUR, May 31 2016 : Malaysia maintained its top 20 position among 61 global economies in the World Competitiveness Yearbook (WCY) 2016 published by the World Competitiveness Centre of the Institute for Management Development in Lausanne, Switzerland.
However, the country fell five spots to 19th from 14th last year, due to the fall in commodity prices, a strong dollar and the deterioration of balance sheet in both the private and public sectors, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed in a statement.
The rankings were assessed for 61 countries this year as compared to 60 last year. The top 20 countries were: