Overcoming the Middle Income Trap

The Rally business in Malaysia has started with one another in the battle for One-upmanship. One upmanship is the art or practice of successively outdoing a competitor. Stephen Potter used it in his 1952 book.

What is really bothering the world today? The state of the economy and the need for peace.

How do we in Malaysia overcome the Middle Income Trap?

I was fascinated with the article in the Star Biz by Harvard Educated economist, Former Deputy Governor of Bank Negara Tan Sri Lin See-Yan. The article titled Do we have the audacity to change deep dives into many issues but my eyes lit open when he consistently emphasised in the article the desperate need for consistently rising productivity. His argument that only productivity make us competitive and that is why a solid education is fundamental made sense. A well-educated and skilled workforce is essential to get us to where we want to get to by 2020, a developed nation status. Economic wellbeing alone is not good enough. We need a harmonious climate where creativity and innovation will derive and thrive.