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High Income Not Synonymous With Development

High Income Not Synonymous With Development

Morning Brief

July 9, 202311m 38s

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Show Notes

According to the latest data on global economies compiled by the World Bank, Malaysia remains an upper middle-income country; however Sarawak has joined the ranks of Kuala Lumpur, Labuan and Penang as members of the high-income economy club. We discuss what the data actually reveals with Distinguished Professor of Economics Dr. Rajah Rasiah of Universiti Malaya.

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