Critical Shifts Needed in Malaysia’s Economic Thinking

By Liew Chin Tong

May 2023 FEATURE
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LABOUR IS FINITE, especially in the context of Malaysia which has not had a demographic dividend since two decades ago. Malaysian employers and policy makers need a paradigm shift to invest in productivity and to be willing to pay for skills. Employers in Malaysia often lament the shortage of talents but there will be no solution to the challenge until and unless it is framed as a pay question. Malaysia, especially Penang, suffered massive unemployment from around the late 1960s as a...

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Liew Chin Tong

is Deputy Minister for Investment, Trade and Industry. This is based on his parliamentary speech winding up the debate for Budget 2023.