KUALA LUMPUR: Malaysia needs to look at balancing its regional economic development in order to narrow the development gap in the country.
Speaking at the launch of the World Bank’s Malaysia Economic Monitor February 2023 report, Ndiame Diop, the country director for Brunei, Malaysia, Philippines, and Thailand, said Malaysia’s regional economic development is not aligned.
“What the data shows and it is quite striking is that rather than seeing a convergence of the lagging states with the richer states, there is instead a divergence,” he said, adding that with good public policies, states that are lagging behind would grow much faster than the rich states. – BERNAMA
