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COMPETITIVENESS STRATEGY

DEEP DIVE REPORT 2021

 

WORLD COMPETITIVENESS YEARBOOK (WCY):

(2.3.15 SUSTAINABLE DEVELOPMENT GOALS)

Prepared by :

 

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FACTORS

Economic Performance

Government Efficiency

Public Finance

Tax Policy

Institutional Framework

Central Bank

State Efficiency

Legal and Regulatory Framework

Adaptability of Government Policy

Transparency

Bureaucracy

Bribery and Corruption

Rule of law

Sustainable Development Goals

Democracy index

Business Legislation

Societal Framework

Business Efficiency

Infrastructure

INTRODUCTION

  • Sustainable Development Goals is the Indicator under Sub-Factor Institutional Framework, which is under Factor Government Efficiency.
  • The Sustainable Development Goals (SDGs), also known as the Global Goals, were approved by all 193 Member States of the United Nations in 2015 as a global call to action to eradicate poverty, safeguard the environment, and ensure that all people experience peace and prosperity by 2030.
  • This SDGs in general will determine Malaysia’s performance on the 17 SDGs.

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17 SUSTAINABLE DEVELOPMENT GOALS (SDGS)

17 SUSTAINABLE DEVELOPMENT GOALS

OBJECTIVE

GOAL 1: No Poverty

End poverty in all its forms everywhere

GOAL 2: Zero Hunger

End hunger, achieve food security and improved nutrition and promote sustainable agriculture

GOAL 3: Good Health and Well-being

Ensure healthy lives and and promote well-being for all at all ages

GOAL 4: Quality Education

Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all

GOAL 5: Gender Equality

Achieve gender equality and empower all women and girls

GOAL 6: Clean Water and Sanitation

Ensure availability and sustainable management of water and sanitation for all

GOAL 7: Affordable and Clean Energy

Ensure access to affordable, reliable, sustainable and modern energy for all

GOAL 8: Decent Work and Economic Growth

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

GOAL 9: Industry, Innovation and Infrastructure

Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation

GOAL 10: Reduced Inequality

Reduce inequality within and among countries

GOAL 11: Sustainable Cities and Communities

Make cities and human settlements inclusive, safe, resilient and sustainable

GOAL 12: Responsible Consumption and Production

Ensure sustainable consumption and production patterns

GOAL 13: Climate Action

Take urgent action to combat climate change and its impacts

GOAL 14: Life Below Water

Conserve and sustainably use the oceans, seas and marine resources for sustainable development

GOAL 15: Life on Land

Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and hat biodiversity loss

GOAL 16: Peace and Justice Strong Institutions

Promote peaceful and inclusive societies for sustainable development. Provide access to justice for all and build effective, accountable and inclusive institutions at all levels

GOAL 17: Partnerships to achieve the Goal

Strengthen the means of implementation and revitalize the global partnership for sustainable development

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METHODOLOGY

Foreign Direct Investment Indicator

In Malaysia, the 17 SDG indicators are measured by the Department of Statistics Malaysia (DOSM). DOSM has been involved in SDG from the year 2000 until the present. DOSM will utilize the use of Big Data* and convert it into useful information that could measure the indicators of SDG.

*Big Data can be defined as large volumes of high velocity, complex, and variable data that require advanced techniques and technologies to enable the capture, storage, distribution, management, and analysis of the information.

Ranking Measurement

In the IMD WCY 2021 report, the SDGs' Indicator is ranked based on the SDG Index score, but only covers 64 countries (it previously covered 63 countries) chosen based on the availability of comparable international statistics and our collaboration with local Partner Institutes. This contributes to the collection of survey data and ensures that all data is as reliable, accurate, and up-to-date as possible. As a result, the rank in the IMD WCY report differs slightly from the SDGs ranked in the Sustainable Development Report, but the index value remains the same. For the IMD WCY 2021, the rank is based on data from the Year 2020 and Year 2019 for IMD WCY 2020.

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The IMD World Competitiveness Yearbook 2021 shows that Malaysia’s rank improved significantly from position 47 in 2020 to number 45 in 2021. The Global Index score also has improved from 69.6 to 71.8 in 2021 subsequently. This shows that not just Malaysia's rank, but also its SDG Index score, has improved.

DATA IMD WORLD COMPETITIVENESS YEARBOOK

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DATA SDG INDEX

Malaysia’s SDG Rank is maintained within the range of 54 to 68 from 2016 to 2021. However, the SDG Index Score has increased significantly from 61.7 in the year 2016 to 70.9 in the year 2021 though in the year 2019 the score has declined slightly. This shows that even though the performance of Malaysia’s SDG index shows an improvement, but the ranking remains within the same range because other countries also perform much better than Malaysia

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KEY REGULATORS/INSTITUTIONS

Regulator/Institution

Policy/Regulation/Guideline

Economic Planning Unit (EPU)

National SDG Council

Eleventh Malaysia Plan (11MP) 2016-2020 Mid-Term Review (MTR) of 11MP 2018-2020

Twelfth Malaysia Plan (12MP) 2021-2025

Thirteenth Malaysia Plan (13MP) 2026-2030

Shared Prosperity Vision (SPV) 2030

Malaysia’s Voluntary National Review 2017

Malaysia SDG Summit 2019

  • The alignment of SDG and national development is realised through a mapping exercise that involves the integration of the national development plan’s action plans, initiatives, and outcomes to the SDGs’ goals, targets, and indicators.
  • The mapping exercise begins with the Eleventh Malaysia Plan (11MP), 2016-2020, then continue with the Mid-Term Review (MTR) of 11MP, 2018-2020, and subsequently with the Twelfth Malaysia Plan (12MP), 2021-2025, and the Thirteenth Malaysia Plan (13MP), 2026-2030.
  • Shared Prosperity Vision (SPV) 2030 as announced in 2019.
  • Malaysia takes pride in presenting a Voluntary National Review (VNR) at the 2017 global High-level Political Forum (HLPF)
  • Malaysia hosted the Malaysia SDG Summit 2019 themed on “The Whole of Nation Approach: Accelerating Progress on the SDGs” to create public awareness and understanding on SDGs as well as create a platform to discuss the progress, opportunities, challenges, and solutions with various stakeholders.

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