Malaysia Makes Mark On World Economic Scene

20 Dec 2012

Malaysia has made its mark on the world economic stage by rising in the ranks to the 12^th spot, overcoming such economic giants as Germany 20^th, Japan 24^th and Switzerland 28^th in terms of World Bank's Doing Business Report 2013.

The World Bank report is all accolades for Malaysia whose leaders have shown a lot of vision and foresight since 1970s. The bank commended Malaysia for its efforts to reduce business costs to drive growth and sustain it by tackling long-term challenges such as education. Malaysia's open policy of attracting expatriate talent is another factor that has helped fuel its burgeoning economy.

Malaysia was a dependency on its rich natural resources in the 70s, but the forward-looking policies of its leaders have transformed the dependency into an economic power to reckon with. Today, Malaysia is a multi-sector economy that is developing its home-grown businesses which have come a long way to become players on the world stage such as financial group CIMB BhD and corporate YTL Corp BhD.

Experts are already comparing Malaysians with having the foresight of American and British leaders whose vision has helped those nations to achieve phenomenal and sustained growth and world leadership.

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