NEW DELHI, March 13 – The Malaysian government has done all the right things to improve its connectedness, despite the country’s global connectedness ranking sliding to 26th in 2022 from 24th in 2017, said DHL Express chief executive officer (CEO) John Pearson.
Taking India’s efforts to improve its transport infrastructure as an example, he said Malaysia has been doing that for a long time to shorten the travel distance and time within the country.
“These efforts may attract investments and make it easier to do business there,” he said in response to Bernama’s questions at the launch of DHL Global Connectedness Report 2024 here today.
Pearson said despite the drop in the ranking, Malaysia still outperformed many other peers.
He said Malaysia would remain competitive moving forward as the country is one of the beneficiaries of the China Plus One strategy, a business approach that companies, especially multinational corporations, adopted to diversify their investments outside China.
DHL Global Connectedness Report 2024 was co-released by DHL Group and New York University’s Stern School of Business today.
The report tracks how flows of trade, capital, information, and people move around the world and measures the globalisation of 181 countries and territories.
According to the report, trade growth played a crucial role in boosting global connectedness.
“The share of global output traded internationally was back to a record high level in 2022.
“After a slowdown in 2023, trade growth is forecast to accelerate in 2024,” it said.
Singapore achieves the number one spot in the ranking, followed by the Netherlands and Ireland, which rank second and third, respectively.
