Can Malaysia beat the middle-income trap?
March, 2013
Electioneering in Malaysia has been at a fever pitch for many months now as Prime Minister Najib Razak prepares to call a general election. Yet away from the election’s sound and fury, the Malaysian government has been implementing some remarkable economic and institutional reforms that will stand the country in good stead in coming decades. But it has failed to address arguably the single most important obstacle to economic rejuvenation in Malaysia.