If you’re looking to spend some quality time with your loved one, you might want to visit Malaysia. Despite the high cost of living, it’s a highly affordable country. However, you should know that imported luxury items will be considerably more expensive than they are in your home country. And if you’re worried about socializing with locals, you should know that many expat meet-ups have been moved online due to COVID-19.
During the NEP, Malaysia’s national leadership was crucial. Prime Minister Dr Mahathir Mohamad (1981-2003) advocated a bumiputera economic stake in the country, stressing the importance of bumiputera’s modern outlook and ability to compete with other races. Although his policies were largely unpopular with the populace, he spread the idea of “money politics” in Malaysia.
As the demand for electronics increased, so did production of these goods. However, competition for these products has increased from lower-wage nations, particularly China and India. While this may not seem like a significant factor, Malaysia’s distribution of secondary industries is lopsided. Sarawak and Sabah remain dependent on primary products. The level of economic development is critical for inter-ethnic harmony in Malaysia. So it is vital that Malaysia continues to rise up the technological ladder.
