How Malaysia Became a Kleptocracy

During the past 50 years, Malaysia has slipped from economic role model for developing countries to lackluster follower, with structural inefficiencies and deep corruption that have made the economy extremely uncompetitive. Commercial opportunity for new entrants in many parts of the economy is now negligible and cadres with vested interests intend to make sure it stays that way. It is distorted, starved of innovation, diversity, fair access to markets, market competitiveness and entrepreneurial opportunity. Malaysia has become a net exporter of investment capital – capital flight, according to an

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