Malaysia has dropped two spots in the World Economic Forum (WEF) competitiveness index, coming in 26th out of 132 countries, with security, productivity and higher education identified as areas for improvement.
This is the second year in a row Malaysia has dropped in the rankings after falling from 21st to 24th spot last year. If present trends continue, the country risks falling out of the top 30 competitive economies entirely.
Switzerland continued its reign as the most competitive country in the world, followed by Sweden, Singapore, US and Germany. Among the Asian giants, Japan climbed from eighth to sixth position, while China improved from 29th to 27th. Korea, however, fell from 19th to 22nd.
Abstracted from MalaysiaInsider
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