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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