Structural reforms vital for economic resilience

While Malaysia’s gross national income per capita has improved from about US$2, 500 (RM10, 287) in the 1990s to US$11, 200 (RM46, 088) last year, Prof Tan Sri Dr Noor Azlan Ghazali (pic) said behaviours are not changing.

PETALING JAYA: Despite all the projections that Malaysia is on track to achieve high-income nation status, renowned economists are of the view that the country is not yet ready unless it carries out structural reforms.

But the onus does not fall entirely on the government as the willingness to change still needs to come from both the society and businesses alike.