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Video Blog: World Bank Chief Economist on Malaysia’s rapidly developing economy

March 25, 2015

From a small port city to the 'Silicon Valley of the East', Penang has become an important entry point for foreign direct investment into Malaysia and a hub for the country's flourishing electrical and electronics sector. Kaushik Basu, World Bank Senior Vice President and Chief Economist, visits Malaysia's oldest free trade zone in Bayan Lepas, Penang, to learn about the industrialization model that catapulted Malaysia from a low income country in the 1970s to an upper-middle income country today. Through the new office that will soon be set up in Kuala Lumpur, the World Bank aims to help share lessons from Malaysia’s successful experience with industrialization with other countries.