KUALA LUMPUR: Malaysia has dropped one place to rank 78th on economic freedom in the Economic Freedom of the World: 2011 Annual Report, in line with the decline worldwide and mainly due to the size of the government.
The report by the Institute for Democracy and Economic Affairs (IDEAS) was launched here yesterday at the Economic Freedom Asia Conference 2011. “Last year, we ranked 77th but this year we dropped one place to 78th. Actually, Malaysia's ranking has been falling for several years and this is a worrying trend,” the chief executive of IDEAS, Wan Saiful Wan Jan said in a statement.
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