Speech by Liew Chin Tong, executive director of Socio-Economic and Environmental Research Institute, to introduce the Penang Blueprint Roundtable Series on Feb 25, 2010.
THE MALAYSIAN ECONOMY is at a crossroads; it has stopped being a high growth economy and is no longer a low-cost centre. Furthermore, the global economy is a very different creature compared to what it was just two years ago, before the financial crisis shook the world.
As we contemplate the future of Penang, it is important to take a page from the Robert Nathan Report, the compass upon which the government of Tun Lim Chong Eu relied.
The Robert Nathan Report (1970), in Socio-Economic and Environmental Research Institute (SERI) senior research fellow Goh Ban Lee’s words, suggested that Penang “link its economic activities with robust economies outside the country”.
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