The State of The Economy

By Chan Huan Chiang

December 2010 COVER STORY
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Instead of focusing on good governance and well-informed policies, the 2011 Budget revealed a disturbing reliance on the private sector. Malaysia can get out of the middle-income trap, but economic decentralisation is required for that to happen.Let’s get it right. The Budget is a fiscal plan informing the people how the government intends to raise and spend money in fulfilment of growth and development objectives that reflect the collective social choice of citizens. To say that the private sector will...

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Chan Huan Chiang

is a senior research fellow at the Penang Institute.