Malaysia has been relatively resilient to shocks in recent years thanks to a unique growth model built around three pillars: political and social stability, economic interventionism – which has fuelled the country's industrialisation – and international expansion. Yet at a time when economic policy has little manoeuvring room and global trade is slowing down, Malaysia's growth model has to face new challenges if the country is to join the ranks of the high-income countries by 2020. [...]
