The following article is from Business Times Malaysia (http://www.btimes.com.my/). Consul Khairuddin of MIDA Sydney kindly sent us the article.
2010/04/21
THERE is no reason why Malaysia cannot move up the competitiveness ranking globally to be among the top 20 countries, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said yesterday.
In the latest global competitiveness report 2009-2010, Malaysia is 24th among 133 countries.
The 23 countries that are ahead of Malaysia are mainly developed countries which include Asian countries such as Singapore (3rd), Japan (8th) and Taiwan (12th).
"With the launch of the Government Transformation Programme and the New Economic Model, there would be radical changes to propel the country to be among the most competitive globally.
"We are not there yet but we will be with all the goals set forth, Malaysia can be in the top 20s in a couple of years along with productivity enhanced through innovation and creativity," Mustapa said at the launch of the two-day 52nd Asian Productivity Organisation (APO) Governing Body Meeting in Kuala Lumpur.
He said future growth for the country must come from higher productivity, nurtured by more innovative processes as well as supported by strong private investments and talents.
Among the regional APO member countries, Malaysia's productivity level was US$12,793 (RM41,065), Thailand US$4,596 (RM14,753), China US$3,734 (RM12,023), the Philippines US$3,192 (RM10,246), Indonesia US$2,471 (RM7,931) India US$2,051 (RM6,583).
Mustapa said the gap in productivity level between the developed countries and member countries indicates that there is potential for growth and the initiatives by APO will augur well to ensure development.
"Malaysia will continuously strive to enhance productivity growth through talent development, adoption of sophisticated technology, higher innovation capacity and capabilities as well as higher value creation through intensified research and development," he explained. - Bernama
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