Over the weekend, Deputy Prime Minister Tan Sri Muhyiddin Yassin said that the government would announce the new economic model for the country within a month.
When Datuk Seri Najib Razak became the sixth Prime Minister in April last year, he announced that the government would introduce a new economic model for the country to ensure that Malaysia makes a quantum leap to escape the middle-income trap to become a high-income country through greater emphasis on innovation, creativity and competitiveness.
In May last year, the Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said the new economic model would be announced in the second half of the year.
Why has this timeline for the new economic model been postponed until this year when according to Husni’s own admission, the country has already lost a decade in economic stagnation?
Continue reading “There can be no successful new economic model for Malaysia without a credible and meaningful new governance model”