The country has dropped three places to 53rd in Center for Market Education’s latest economic freedom report.
Center for Market Education CEO Carmelo Ferlito says that Malaysia’s deteriorating economic freedom should serve as a red light to policymakers.
In order to gauge this, it analyses key components such as the country’s size of government, its legal structure and security of property rights, access to sound money, freedom to trade internationally, and regulation of credit, labour, and business. He added that the country’s performance should serve as a red light to policymakers on the country’s deteriorating economic freedom.
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