Ekonomi Madani: Setting the stage for the country’s next industrial take-off

The outward-looking NIMP will seek to reverse Malaysia’s premature de-industrialisation. — Reuters

THE foundations for the Malaysian economy’s next take-off have been laid with Prime Minister Datuk Seri Anwar Ibrahim launching the Ekonomi Madani: Memperkasa Rakyat economic framework on July 27, 2023.

Its mission to elevate Malaysia’s economy is very clear. While it was expected that the plan would be responsive to the rakyat’s current challenges, such as the rising cost of living, commendably it also attempts to fix structural issues, such as the relatively slower growth in wages.