Penang is caught in a new industrial climate that requires that it draws on its impressive past to meet global challenges. There is no reason why our SMEs cannot keep up with the innovations that MNCs are making, if governments and other actors stay focused.Plenty has been written about Malaysia being locked inside the so called middle income trap. The view is that the country is too expensive to effectively compete with low cost countries and lacks sufficient technological sophistication...
Subscribe to our e-archive to read our older articles.