Transforming into a 'high-income government'
Our economy in bad shape? We have that from good authority. “We are lagging behind economically and are stagnating for over a decade.
"Malaysia is trapped in a low-value-added, low-wage and low-productivity structure," Second Finance Minister Ahmad Husni Hanadzlah was said to have told an economic outlook conference, according to a recent AFP report.
Among its peers China, India, Vietnam, Indonesia, Philippines and Thailand, Malaysia's economic growth over the past three years was second-lowest, he was quoted to have said. That means we are only better off than the Philippines and are losing the race to Indonesia, Vietnam and Thailand, countries once lagging behind us.- + selanjutnya
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