Ferlito believes that the different components of the index showed that Malaysia could improve in terms of business regulations, productivity and management practices.
PETALING JAYA: Experts believe Malaysia should stay focused on its own economic reality in view of its position in the World Competitiveness Ranking (WCR) 2025, with the country having made an 11-place jump to 23rd overall on the latest list released on Tuesday.
The WCR 2025 is compiled by the International Institute for Management Development (IMD), and evaluated 69 countries based on 341 competitiveness criteria which are grouped into four main factors: economic performance, government efficiency, business efficiency and infrastructure.
