Alive But Not Well, The State of Penang's SMEs

By Yoon Chon Leong

November 2011 COVER STORY
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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...

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Yoon Chon Leong

is senior visiting fellow of the Penang Institute and is the head of BusinessWise Consulting Sdn Bhd.