Is Malaysia a declining country? - With Emmanuel Daniel
Play • 15 min
Malaysia, without considering the damages of the COVID-19, is coming out of a political turmoil. Mahathir Mohamad has been the long-living kingmaker of Malaysian politics and, after his resignation, Mr Muhyiddin Yassin took his place. However, as I have discussed with Emmanuel, I observe Malaysia from outside and it seems to me it is a declining country surrounded by more dynamic and flexible nations. According to Emmanuel, Malaysia has the potential to blossom again, because it has still good economic infrastructure. However, the demographic dividend is not helping the country. Its salaries remain low, due to the large immigration from low-income Muslim countries. The risk for Malaysia is to remain forever in the low-income trap.
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