TIME: Malaysia, Najib, and the New Economic Model
Here’s a lengthy feature from TIME magazine with a decent overview of Malaysia’s current economic situation. In particular, it looks at the effects of Malaysia’s multicultural society and the long-running affirmative action scheme: whether it has actually helped or hindered poverty reduction and economy-building on the whole; its possible contribution to a Malaysian brain drain; and how abuses of the system have sometimes had a counter-productive influence on economic activity. The article also looks at Prime Minister Najib Razak and the reforms contained in his government’s New Economic Model (NEM), designed in part to reduce government interference in the economy and create a competitive Malaysia more suited to present conditions.
article: TIME: Malaysia’s New Journey
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