In the past 30 years, Malaysia has successfully curtailed high poverty rates and reduced income inequalities. Its goal is to attain high income status by 2020 while ensuring that growth is sustainable.
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Kaushik Basu visits the “Silicon Valley of the East” in Penang to learn about the industrialization model that catapulted Malaysia from a low-income country to an upper middle-income country. Through the new office that will soon be set up in Kuala Lumpur, the World Bank aims to help share Malaysia’s successful development experience with other countries.Read More »