Malaysia needs to recognise own shortcomings to escape middle-income trap, says economist

 

PETALING JAYA: Malaysia needs to recognise its own shortcomings through critical thinking instead of fixating on foreign narratives, says economist Professor Dr Jomo Kwame Sundaram.

The Khazanah Research Institute research adviser said that if Malaysia wishes to get out of the middle-income trap, the country must abandon the colonial model of the past that does not tax the wealthy.