The Malaysian Economy – Where Are We?

 

The JCI-MEA Economic Seminar Series discusses the key economic issues and identifies the specific policy measures needed to accelerate Malaysia’s economic growth; and to ensure growth is equitably distributed as well as compatible with the health of the natural environment. This document reports the proceedings of the first seminar in this series.

JCI-MEA Seminar #1

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Real export growth on the decline

This article first appeared in The Edge Financial Daily, on September 8, 2017.

KUALA LUMPUR: Although Malaysia’s 30.9% export growth in July beat market expectations of 23%, a longer-term analysis of constant prices indicates that export growth has been on the decline since 2014, with manufacturers’ share of exports also shrinking.

Harvard economist Professor Dwight H Perkins highlighted that these may be among the concerns over the slowdown in Malaysia’s growth before it achieves high-income nation status.

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Malaysian universities need reform, say experts

This article first appeared in The Edge Financial Daily, on September 8, 2017.

KUALA LUMPUR: Malaysian universities are not producing the kind of graduates necessary to propel it towards high-income nation status, and choices of leadership in these universities may be one of the reasons why, say economists.

Harvard economist Professor Dwight H Perkins pointed out that presidencies of Malaysian universities are picked by the government on the basis of either political or ethnic criteria, calling instead for appointments to be driven by meritocracy.

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Malaysia not churning out suitable graduates for innovation, R&D: Professor

7 September 2017

Malaysian universities are not producing the type of graduates needed to drive innovation and research and development (R&D), both of which are necessary to move the nation forward.

Professor Dwight H. Perkins, the Harold Hitchings Burbank Professor of Political Economy, Emeritus, at the Faculty of Arts and Sciences of Harvard Kennedy School, said Malaysia is at a point where it will have to innovate very substantially.
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