COMPETITIVENESS STRATEGY
DEEP DIVE REPORT 2021
WORLD COMPETITIVENESS YEARBOOK (WCY):
(2.3.15 SUSTAINABLE DEVELOPMENT GOALS)
Prepared by :
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
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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 |
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