Booklet WCY 29 Mei 2013 1 - MPC

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14. Business Efficiency which measures the extent to which the national environment encourages enterprises to perform in an innovative, profitable and responsible manner, improved by 2 rungs to be ranked a credible 4 th (2012:6 th ). The sub-factors which comprise Labour Market, Finance, Management Practices, Attitudes and Values are all ranked in the top ten. Although Productivity and Efficiency has improved to 22 nd position (2012:23 rd ), it is still an area of concern. In this regard, to sustain labour cost competitiveness and propel the country into a high income nation, productivity and efficiency gains through initiatives such as reskilling, automation and technology are crucial. Business Efficiency improved by 2 rungs to a credible 4 th posion. 15. Technological Infrastructure which improved by 3 positions to 13 th position (2012:16 th ) had contributed to the overall performance of the Infrastructure factor. Infrastructure is currently ranked 25 th and had been steadily improving for the last three years. However, infrastructure needs to be further enhanced, specifically in the areas of Health & Environment, Education and Scientific Infrastructure. While the Ministry of Health (MOH) has been assessing, reviewing and piloting various initiatives aimed at strengthening the national health sector in order to address the emerging challenges and issues faced by the health system, it is worthwhile to note that indicators such as health expenditure, life expectancy at birth, healthy life expectancy and number of physicians and nurses (medical assistance) are ranked above 40 among 60 economies in this report. 16. The government had rolled-out numerous policy initiatives and institutional support such as the National Policy on Environment, National Green Technology Policy, National Innovation Strategy as well as National Broadband Initiative to steer the Infrastructure factor ranked 25 th remains an area of concern, specifically in Health & Environment, Educaon and Scienfic Infrastructure. 8
economy towards an innovation-led economy. It is encouraging that Malaysia is recognised as one of the countries that heavily invests in science and technology as quoted by the UNESCO Director-General, Irina Bokova. However, education, which is a sub-factor of Infrastructure which is ranked at 34 th (2012:33 rd ) would need to be further prioritised. With the implementation of the National Education Blueprint <strong>2013</strong>-2025, Malaysia would be able to produce highly skilled and holistic human capital who are able to compete in the international arena. 17. Government Efficiency which measures the conduciveness of government policies declined by 2 positions. The sub-factors that contributed to this decline are Societal Framework, Business Legislation, and Institutional Framework. This highlights that there are still weaknesses in the system which need to be scrutinised and addressed. The government is committed to building a resilient, dynamic and innovative economy; enhancing security and public safety; strengthening women’s participation; fighting corruption as well as revitalising the public service and enhancing good governance. With regards to budget deficit, the government had been successful in reducing the deficit from 6.7% in 2009 to 4.5% in 2012 and is committed to reduce the deficit further to 3% by 2015. MALAYSIA AMONG TOP COUNTRIES 15 Numerous policies had been rolled out to enhance infrastructure. The government is commi ed to building a resilient, dynamic and innovave economy. Canada 7 (89.13) United States 1(100.00) Switzerland 2 (93.36) Germany 9 (86.20) Netherlands 14 (83.16) Luxembourg 13 (83.31) Norway 6 (89.59) Sweden 4 (90.53) Denmark 12 (83.51) Qatar 10 (85.51) United Arab Emirates 8 (88.44) Malaysia 15 (83.15) Hong Kong 3 (92.78) Singapore 5 (89.86) Taiwan 11 (85.20) 9
Page 2 and 3: CONTENTS World Competitiveness Year
Page 4 and 5: 3. The WCY is recognised as the lea
Page 6 and 7: Table 1: Top 15 Countries of the Wo
Page 10 and 11: MALAYSIA’S PERFORMANCE IN THE 4 C
Page 12 and 13: growth and stable employment prospe
Page 14 and 15: Among the criteria in the top 10 po
Page 16 and 17: capacity of the financial sector in
Page 20 and 21: employees. The Government has intro
Page 24 and 25: solar power as a means to reduce sc
Page 26 and 27: ensuring a higher standard of educa
Page 28 and 29: Malaysia on Track to Become High In
Page 30 and 31: INDUSTRIES’ PERSPECTIVES YBhg. Ta
Page 32 and 33: INDUSTRIES’ PERSPECTIVES YBhg. Da
Page 34 and 35: THE WORLD COMPETITIVENESS SCOREBOAR
Page 36 and 37: Appendix 3 COMPETITIVENESS RANKINGS
Page 38 and 39: Appendix 5 CHARACTERISTICS OF MOST
Page 40 and 41: THE METHODOLOGY OF COMPUTING THE RA
Page 42 and 43: By 1997, the world of competitivene
Page 44: For further information on the Worl

Booklet WCY 29 Mei 2013 1 - MPC

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