Business · Malaysia Bureau
Malaysia hits peak economic freedom score, yet slides in global rankings
Malaysia has achieved its highest economic freedom score since 1970, according to a new report, though the country dropped two positions to 35th place globally as other nations accelerated reforms at a faster pace.
LSN Malaysia ·
Malaysia's economic freedom index has reached a record high, reflecting decades of policy development and market liberalisation, a think tank assessment shows. Despite the milestone achievement in absolute terms, the country's relative standing among 165 economies surveyed has weakened, slipping from 33rd to 35th place in the latest rankings.
The apparent paradox underscores a competitive global landscape where steady progress by Malaysia has been outpaced by more aggressive economic reforms undertaken by peer nations. Economists point to the importance of maintaining momentum in structural reforms to sustain competitive advantage in the region.
The findings highlight Malaysia's ongoing efforts to enhance business environment conditions and market access, areas considered critical for attracting foreign investment and supporting long-term growth. Policymakers face pressure to accelerate initiatives that could improve the country's global competitiveness ranking.
The report serves as a benchmark for assessing Malaysia's economic governance relative to regional and international peers, providing insights into areas requiring further policy attention to strengthen the nation's economic positioning.