Jun 9, 2014

Malaysia now is the riskiest economiy in Asia?

Last Week, one of the Bloomberg's columnist questioned the future of Malaysian economy. He questioned about the sustainability of the pro-Malay affirmative-action program.


He said:

What really concerns Oxford, and myself, is the complacency factor in Putrajaya. Malaysia is effectively a one-party state, having effectively been ruled by the same party for six decades. Its 40-year-old, pro-Malay affirmative-action program chips away at the country's competitiveness more and more each passing year. The scheme, which disenfranchises Malaysia's Chinese and Indian minorities, is a productivity and innovation killer. It also has a corrupting influence on the political and business culture.


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