Malaysia’s Transformation: High Income, Middle Capability

Hwok-Aun Lee ()
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Hwok-Aun Lee: ISEAS – Yusof Ishak Institute

Chapter 5 in Southeast Asia beyond Crises and Traps, 2017, pp 131-164 from Palgrave Macmillan

Abstract: Abstract The Malaysian economy, transformed over the past decades, is nearing the international high-income threshold, and will pass it as long as it grows faster than the high-income countries. However, given the persistence of low-skilled production and lagging progress of domestic technology, innovation, and research and development, Malaysia still has some distance to go before being considered an advanced economy – characterised by high levels of capability, technology, and empowerment. Within the overarching theme of Malaysia’s capability shortcomings, two challenges stand out: declining quality of education, and difficulty in enhancing the efficacy of affirmative action and charting exit paths for the policy. Addressing these challenges will crucially impact on the long-term progress of Malaysia’s economic transformation.

Date: 2017
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DOI: 10.1007/978-3-319-55038-1_5

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