Penang’s Investment Numbers

By Chan Huan Chiang, Ong Wooi Leng

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There has been plenty of press coverage singing praises of Penang’s 2010 investment figures due to the fact that the state, which makes up eight per cent of the nation’s economy, managed to capture a quarter of total investment for Malaysia. Rather than looking at specific peaks and troughs, Penang’s share of capital investment in the nation would be better analysed over the long term.Introduction“There are no free rides” as the saying goes. To have output and growth, we need...

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Chan Huan Chiang

is a senior research fellow at the Penang Institute.

Ong Wooi Leng

heads the Socioeconomics and Statistics Programme at Penang Institute. Her work lies in labour market analysis and socio-economic development.