Gallery

Malaysia’s dilemma: Can it reform and discriminate?


Mahathir is at his best again. The man who made Malaysia part of the “East Asia Miracle” with a massive inflow of foreign direct investment doesn’t think much of it today. Mahathir’s thinking is at odds with government policy. Mahathir, is once again putting the blame of his mistakes on others. Nevertheless, it gets to the heart of a debate over the future of the former emerging market star now in danger of becoming an also-ran, stuck in the dreaded “middle income trap” and plagued by racial divide. Continue reading