Jan 12, 2011

2011 Index of Economic Freedom - Malaysia

"Corruption and a judicial system that remains vulnerable to political influence pose significant challenges to the economic freedom of Malaysia." ~ The Heritage Foundation ~

For over a decade, The Wall Street Journal and The Heritage Foundation, Washington's preeminent think tank, have tracked the march of economic freedom around the world with the influential Index of Economic Freedom.

What is economic freedom?

Economic freedom is the fundamental right of every human to control his or her own labor and property. In an economically free society, individuals are free to work, produce, consume, and invest in any way they please, with that freedom both protected by the state and unconstrained by the state. In economically free societies, governments allow labor, capital and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself.

The World Top Ten Ranking for 2011 Index of Economic Freedom are:

(1) Hong Kong  (2) Singapore (3) Australia (4) New Zealand (5) Switzerland

(6) Canada (7) Ireland (8) Denmark (9) United States (10) Bahrain

Click To Enlarge

Malaysia No. 53
The averarage total score for Malaysia has increased by 1.5 points to 66.3 out of 100 points ranking 53 out of 179 countries rated for year 2011.

However the biggest drop in points for Malaysia are the score for "Freedom from Corruption" dropping 6 points from 51 in 2010 to 45 for the 2011 Index.

"Corruption is perceived as present. Malaysia ranks 56th out of 180 countries in Transparency International’s Corruption Perceptions Index for 2009, a drop from 2008. The law provides criminal penalties for official corruption, but it has not been implemented effectively, and officials engage in corrupt practices with impunity. The media have reported numerous cases of alleged official corruption."

The next biggest points loss are for the rating on "Property Rights" dropping 5 points from 55 in 2010 to 50 in 2011 citing weakness in the judiciary that is subject to political influence.

"Private property is protected, but the judiciary is subject to political influence. Corporate lawsuits take over a year to file, and many contracts include a mandatory arbitration clause. Despite plans to ratify the World Intellectual Property Organization (WIPO) Copyright Treaty and the WIPO Performances and Phonograms Treaty, complaints about lax enforcement of intellectual property rights persist, and the manufacture and sale of counterfeit products have led to serious losses for producers of consumer products and pharmaceuticals."

For Full Report of the 2011 World Index of Economic Freedom go HERE
Report on Malaysia Economic Freedom HERE


Unknown said...

hi jack

i’ve been thinking on how to move people via music, a song that would encapsulate everything, the last 6 years to awaken the people and make them understan via music. I think i found a track that need the lyric to be twigged eg Malaysia, Sabah & sarawak.

It was sung by Femi Kuti - Sorry Sorry

here’s the lyric, might wanna consult on some of the words used and change it, you might even want the artiste to sing it or use our young musicians.


If my eyes no decieve me
and na true be things my ears dey hear
politicians and soldiers make e meeting
Our country dem wan repair
dem dey make like say
dem know o know
say na dem a spoil our country so
as dem dey dabaru am dey o
na so my people dey follow o o

i sorry sorry o, i sorry for Nigeria,
i sorry sorry o, i sorry for Africa
sorry sorry o
i sorry sorry o, i sorry for Nigeria,
i sorry sorry o, i sorry for Africa
sorry sorry o

As we [never get decided]...

Look my friends
dem no like to hear word
na to dey follow follow, follow dem enemies
like zombie, dem dey go dey march dey go
dey fight for other people
wey spoil Nigeria so
these politicians and soldiers
dem be one and the same
no one different [from] the other
my people no wan know
but with kind of leaders
Africa no get hope
Africans will suffer
we go suffer reach our bone

i sorry sorry o, i sorry for Nigeria,
i sorry sorry o, e gba mi o
sorry sorry o
i sorry sorry o, i sorry for Nigeria,
i sorry sorry o, i sorry for Africa

i sorry sorry o, e gba mi o

music moves mountains, it’s for all PR, MCLM, NGO start streaming it on all sites ke ke ke

Anonymous said...

business as usual!

Scoremore said...

Well the stark contrast between the two people interviewed the Malay and the India. The Malay despite being poor he has a decent living, a farm, and a couple of cows. Compare that to the Indian lady who has practically nothing.

Years of brainwashing has made the Malay chap come out with comments like 'all the other races are richer than the Malays' which in reality is not true. Every community in Malaysia has the poor so rather than a policy benefiting the poor of a race why not for all.