Monday, 24 January 2011

Malaysia ranks above USA in globalisation index: 57 out of 169 for HDI

SINGAPORE: Malaysia improved its global standing in the Ernst & Young's 2010 Globalisation Index after it was ranked 27th, below Australia but above the United States.

In the 2009 index, Malaysia was placed 33rd.

The index measures the world's 60 largest economies according to their degree of globalisation relative to their Gross Domestic Product (GDP).

The Globalisation Index, which covers the period from 1995 to 2014, has five criteria of openness to trade, capital movements, exchange of technology and ideas, labour movements and cultural integration.

Malaysia, although ranked 27th, had the same overall composite score of 4.43 as Australia, ranked 26th, while the United States, ranked 28th, scored 4.41.

In 2009, Malaysia's composite score was 3.89.

The index released by Ernst & Young today showed Malaysia, in a score of one to 10, attained 6.2 on the openness to trade and 5.04 on capital movements.

It achieved 4.13 on cultural integration but poorly on labour movements at 3.37 and 3.16 on exchange of technology and ideas.

Singapore (6.78) is ranked third after Hong Kong (7.48) and Ireland (7.34).

Thailand is meanwhile, ranked 37th with a score of 3.37, the Philippines at 38th with 3.74, and Indonesia in 56th spot with 3.0.

Ernst & Young also said the 60 economies would continue to globalise steadily between now and 2014, driven by the continued global economic recovery, technological innovation and the rise of the emerging markets. - BERNAMA

Read more: Malaysia ranks above USA in globalisation index

Malaysia ranks 57 out of 169 for HDI


Malaysia ranked 57 out of 169 countries in the 2010 Human Development Index (HDI) with an HDI value of 0.744, which ranked the nation in the high human development category.

United Nations resident coordinator, Malaysia and UNDP resident representative for Malaysia, Singapore and Brunei Darussalam Kamal Malhotra said: Malaysia did drop two places between 2005 and 2010, through this does not mean that Malaysia has regressed in human development since its HDI value increased from 0.726 to 0.744 during the same period.

He said although the improvement in HDI value showed that Malaysia had done quite well, it did not mean that other countries had not done better.

By comparison, for example, he said the Republic of Korea and Singapore which had similar starting points compared with Malaysia 40 years ago were now ranked 12 and 27 respectively in HDI.

HDI was a composite national measure of health, education and income for 169 countries. As 2010 represents the 20th anniversary of the Human Development Report, this year's report includes three new indices: the Inequality-adjusted Human Development Index, the Gender Inequality Index and the Multidimensional Poverty Index. 

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