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Malaysia should transform to break out of middle-income trap, says PM Muhyiddin
savemalaysia
Publish date: Fri, 05 Mar 2021, 11:26 AM
KUALA LUMPUR, March 5 — Malaysia needs to transform into a global exporting player, grow its manufacturing capabilities and create its home-grown multinational companies (MNCs) to break out of the middle-income trap, says Prime Minister Tan Sri Muhyiddin Yassin.
The prime minister said historically, most countries grew rich by learning to produce new, higher-value products for export.
“Hence, entrepreneurs with global ambitions will be critical to drive growth,” he said in his opening remarks at the virtual Youth Economic Forum 2021, themed “A Brave New World” today. — Bernama
https://www.malaymail.com/news/malaysia/2021/03/05/malaysia-should-transform-to-break-out-of-middle-income-trap-says-pm-muhyid/1955067
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Discussions
Be the first to like this. Showing 5 of 5 comments
Making populist statements without any plan will not save the economy.
Talk about plan and it's execution and how it benefits MALAYSIANS and not foreign workers or bosses.
2021-03-05 11:42
this talk about breaking from medium income trap to high income has been going on for the last 10 years. yet nothing happen
2021-03-05 11:43
Posted by DickyMe > Mar 5, 2021 11:36 AM | Report Abuse
Stop feeding parasites and you can amke it.
You cannot keep feeding crippled race and excel at the same time.
Feeding promotes laziness and entitlement with less inclination to give full performance.
=== > DickyMe
Don’t post political insidious hate comments
Mindful this is a public forum, go bark at BeeDee Tree, Chee-bye
2021-03-06 00:08
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DickyMe
Stop feeding parasites and you can amke it.
You cannot keep feeding crippled race and excel at the same time.
Feeding promotes laziness and entitlement with less inclination to give full performance.
Wonder how the nons survive despite being choked from every angle?
Learn from them.
2021-03-05 11:36