The 2024 World Competitiveness Report (WCR) by the International Institute of Management Development, a Swiss business school, placed Malaysia as the 34th most competitive nation. (Photo: nst.com.my)Kuala Lumpur (VNA) – To improve Malaysia’s competitiveness, the country must double down on efforts to improve productivity, the essence of competitiveness, said scholar John Antony Xavier. The 2024 World Competitiveness Report (WCR) by the International Institute of Management Development, a Swiss business school, placed Malaysia as the 34th most competitive nation, down seven places from the last year's edition. Meanwhile, Singapore has ranked as the world’s most competitive economy, surpassing Switzerland in second place, and Denmark in the third spot. Innovation buttresses productivity improvement and competitiveness, he added./.

Source: New Strait Times June 25, 2024 18:52 UTC