American Cultural Values Gary R. Weaver, Ph.D. This piece was originally published in Kokusai Bunka Kenshu (Intercultural Training), Winter, 1997, Vol. 14, pp. 14-20. This revised version was published in Kokusai Bunka Kenshu (Intercultural Training), Special Edition, 1999, pp. 9-15.
The economy of Malaysia is the 4th largest in Southeast Asia, and is the 35th largest economy in the world. Malaysian labour productivity is significantly higher than neighbouring Indonesia, Philippines or Vietnam due to a high intensity of knowledge-based industries and adoption of cutting edge technology for manufacturing and the digital economy. According to the Global Competitiveness Report 2017, the Malaysian economy is the 23rd most competitive country in the world in the period of 2017-20
In the ranking for Economic Performance, which gives a macro economic evaluation of the domestic economy and which is based on real/hard data, Malaysia was ahead of Taiwan, Sweden, Canada, Australia, the UK and Switzerland.alaysia was ranked 16th overall in terms of competitiveness among 59 economies, compared with 10th place last year. Mustapa stressed that enhancing national competitiveness remained a top priority for Malaysia.