Today I will post a shocking ( but to some of us quite expected) list of ranking of Gross national income per capita based on Atlas method and PPP, compiled by none other than the World Bank. ( or rather a link to the list).
Since this is done by World Bank, I think it is a credible list.
In Malaysia, we always tell each other than despite all the insuffciencies, we are still the best country . According to this list, we are now ranked 89, much further behind than some of the Africa countries like Gabon and Seychelles. It is lower that Estonia, Czeckoslovakia and Lithuania — these countries have opened up to adopt market economy only about 15 years back, more or less, being formerly communist countries without experience in capitalism.
It is even lower than Argentina which a few years back was a bankrupt country.
A few years ago, in 2006 to be exact, I wrote an article titled ” will Malaysia be Marginalised?” I mentioned that if we dont buck up, we will be overtaken, and now unfortunately, we have been overtakne by many countries, and it looks like if we dont arrest the decline, we will slide further down the rankings. To be 89 in a list of 213 is certainly not good.
For the full list go to this link: