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Swiss-based Institute for Management Development (IMD) has recently compiled the latest version of World Competitiveness Yearbook (WCY). Singapore (1st) and Hong Kong (2nd) topped USA (3rd) in WCY 2010, this is the first time in decades. Also for the first time since participated in this study in 1999, Malaysia has been ranked the world’s 10th most competitive nation among 58 economies. The WCY is the world’s most renowned and comprehensive annual report on the competitiveness of nations, ranking and analysing how a nation’s environment creates and sustains the competitiveness of enterprises.

Malaysia achieved an index score of 87.228 compared with 77.162 in the previous year. This has propelled Malaysia to 10th place from 18th place last year, a remarkable jump brought on by significant improvements in economic performance due to a host of factors such as influx of quality investments, pragmatic government policies and low risk political instability.

Malaysia also has overtaken several developed countries such as Denmark (13th), the Netherlands (12th) and Luxembourg which was ranked (11th). Besides, Malaysia continues to be ahead of Britain (22nd), South Korea (23rd) and Thailand (26th). Australia (5th), Taiwan (8th) and Malaysia are are the three countries benefited from strong demand in Asia and implementation of efficient policies.

For more details, please click at HERE. You may also get the printed or online version of WCY 2010 at HERE and HERE.