Something Is Wrong With Malaysia | Why Malaysian Economy Feels Stuck | The Blueprint

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Malaysia was once predicted to become one of Asia’s next economic superpowers. With booming manufacturing, a strategic location on the Strait of Malacca, strong exports, natural resources, and an early lead in the semiconductor industry, Malaysia seemed destined to become a fully developed, high-income nation. In 1991, Prime Minister Mahathir Mohamad introduced Vision 2020, an ambitious plan to transform Malaysia into a developed economy by the year 2020. But 2020 came and went. Today, Malaysia continues to post impressive economic numbers, its currency has shown strong performance, and the country remains a major player in global semiconductor testing and packaging. Yet Malaysia still faces a bigger question: Why hasn’t Malaysia reached its full economic potential? In this episode of The Blueprint, we explore Malaysia’s economic rise, its manufacturing boom, the middle-income trap, Bumiputera policies and the New Economic Policy (NEP), brain drain to Singapore, dependence on cheap

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