2010 promises of economic transformation in Malaysia. The key message is loud and clear – Malaysia must not become a middle-income country which loses its growth momentum as a result of protectionist, insular and outdated policies.
From 2001–2009, Malaysia achieved average GDP growth of 4.3%; compared with the competing economies of China, Vietnam and India which recorded average growth of more than seven per cent for the same period. As the country transitions, it has come to terms with the changes that need to be made; and these include new policies which call for the removal of protectionism and encourage liberalism.
