M'sia must reform urgently - World Bank


Thursday, 19 November 2009 adminK
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(Malaysian Mirror) - The World Bank says that Malaysia must introduce massive reforms if it wants to achieve its ambitious goal of becoming a developed nation by 2020. "To reach the 2020 developed status, the World Bank is proposing a four-pillar strategy," Mr Vikram Nehru, chief economist for East Asia and the Pacific, said.

Improve workforce

"Malaysia must specialise the economy further, improve the skills of its workforce, make growth more inclusive and strengthen public finances," Nehru said.

The World Bank said Malaysia's economy will shrink 2.3 per cent this year but rebound to a 4.1 per cent expansion in 2010.

Mr Nehru, quoted by the Straits Times, said that Malaysia was on track to grow between 5.6 to 5.9 per cent in 2011 and 2012.

The report also said the country faced the challenge of shifting from an upper-middle economy to a high-income economy.

http://malaysianmirror.com/


Comments (12)Add Comment
...
written by Buayanegara, November 21, 2009 11:38:59
We keep falling further & further behind
...
written by jaz, November 20, 2009 10:43:08
Reform, reform!!! Don't make the people suffer from angst and guilt for voting you. Reform.
...
written by Joe, November 19, 2009 23:01:55
Well its going to be 2010 very soon. In 2020 I will be 50! I still remember back in the day when vision 2020 was so far into the future where I know my life will be a success.

Half way there, and thanks to the NEP, thanks to a govt that marginalises minorities. thanks to public servants that treat ppl based on their race, thanks to financial institutions that are out to scalp the lay man... I'm still dreaming of my vision 2020 ... ah i must still thank god for my 2020 eyesight.
...
written by mikewang, November 19, 2009 14:54:26
We will still beat Zimbabwe in 2020, I think.
...
written by batsman, November 19, 2009 14:49:40
a FAIR deal where u use RM 20k++ to buy a laptop.


You are thinking abut the present. PM was thinking about the very near future. You must understand he thinks about the country's future often - it is part of his job.
...
written by Susanna, November 19, 2009 14:16:42
Every educated person in Malaysia also know abou this. Even the MPs also know about this. Until and unless, the politicians start to work for the country instead of pocketing for themselves, this will be an oasis vision. The road to 2020 a smokescreen for selfish gains?
...
written by sydput, November 19, 2009 14:15:22
Lucky this world bank guy is foreigner. If he is local, ketuanan types will come out craving for his blood. Maybe end up in Kamunting even.
...
written by asguard, November 19, 2009 14:13:14
What reform when UMNO is at helm of its abuse power and corruption , and we have tainted PM and brainless or headless DPM...!
...
written by JJFoo, November 19, 2009 13:57:13
Maybe Mr.Vikram Nehru wasn’t aware that true reform can only be achieved in Malaysia with the ousting of the BN government which is the main cause to the nation regression.
...
written by Ghifarix, November 19, 2009 12:14:33
Ain't this is what Maha went after Anwar Ibrahim for 11 years ago: Malaysia must specialise the economy further, improve the skills of its workforce, make growth more inclusive and strengthen public finances ? Anyway what about our racism? just asking.
...
written by miwaki, November 19, 2009 12:09:15
Of course we can achieve developed status but not in year 2020 but in year 20020.
...
written by Ken Liew, November 19, 2009 11:41:58
How can we achieve new things when our so called leader has a stone age brain....

a FAIR deal where u use RM 20k++ to buy a laptop.

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