Think people, not place

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Comparing the wealth of nations, given how quickly fortunes can change nowadays, keeps armies of statisticians, economists and bureaucrats busy throughout the year. Figures about economic growth over regular time intervals are eagerly awaited by the general public and the mass media.

One popular way of measuring Malaysia and Penang lie in terms of economic health and wealth is through the attainment of soft skills. Per capita income provides a common dimension on which the economies of countries and regions can be easily compared with each other.

At the same time, how far an economy has developed is based on whether it is in the agricultural and/or natural resources stage, the manufacturing stage, or the services stage.


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