On the bright side, economic factor gained the third spot from 15th.
MALAYSIA was ranked 32nd in the 2022 International Institute for Management Development world competitiveness ranking (WCR), down seven positions from the 25th spot in 2021 – the lowest position it has held in five years.
It faced a downturn in factors such as business efficiency (down from 24th to 38th), government efficiency (down to 38th from 30th) and infrastructure (down to 37th from 30th).
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