The conditions for a successful switch to knowledge-led growth requires an effective transit strategy where the government has to get, one, the microeconomic prices, two, the framework institutions, and three, the macroeconomic balances right. The fundamental driver behind knowledge-led growth is the size of the pool of national talent. The enlargement of the national pool… Continue reading The Malaysian Economy: Recovery or Stagnation? (Pt.2)
Category: Woo Wing Thye
The Malaysian Economy: Recovery or Stagnation? (Pt.1)
The optimism at the dawn of the new millennium which saw Malaysia relatively buoyant has gone awry, thus necessitating a new policy framework if we are to re-start sustained high growth. Boosted by the rapid rebound from the Asian Financial Crisis of 1997-1999, Malaysia greeted the start of the new millennium in 2001 with confidence. … Continue reading The Malaysian Economy: Recovery or Stagnation? (Pt.1)