flee 5 Report post Posted October 29, 2011 It is a moving target but I doubt Vision 2020 will be achieved. We ran out of steam after the 1997 financial crisis. We are now in political paralysis - so the govt's attention is diverted. The nation's interests are now subservient to their own political interests. Share this post Link to post Share on other sites
KK Lee 5 Report post Posted October 29, 2011 Most people perceive Malaysia is a developing country; In 2011, construction and services sector contribute 3.2% and 58.4% respectively to GDP, over 50% of GDP growth is from services sector and 55% of outstanding bank loan are owed by household http://www.treasury.gov.my/index.php?option=com_content&view=category&id=73&Itemid=174&lang=en Indicate Malaysia economic model is more inclined to developed country. Corruption is not the only issue facing the advancement of Malaysia economy, the magnitude of gomen involvement in the economy via GLC, the economy is tilting toward planned economy than market economy. Contemporary history (e.g. Soviet Union) has shown, planned economy is inefficient, unproductive and unable to compete in free market. Share this post Link to post Share on other sites
Mike P 0 Report post Posted October 30, 2011 Conclusion: The more government's intervention, the more restriction imposed. Share this post Link to post Share on other sites
