Madani economy for a better Malaysia

People walking past a mural depicting the faces of Malaysian children at Jalan Raja Chulan, Kuala Lumpur. — AZHAR MAHFOF/The Star

THERE are numerous structural weaknesses, challenges and issues hindering Malaysia’s current and future growth trajectory.

These include a complexity of business regulations and investment climate; a lack of private investment dynamism; slower productivity growth and capital efficiency; a low level of technology adoption, lack of innovation and technological advancement; shortage of talent and skilled manpower; high dependency on low-skilled foreign workers; corruption; income inequality and regional growth disparity.