Can Malaysia Take That Next Big Step?

The nation's prosperity could erode unless it can find a way to a sustainable expansion

The fruits of Malaysia's economic success are obvious. The skyline of the nation's capital is undergoing one of the most dramatic changes of any major city in the world, as huge new office towers reach for the heavens. A growing middle class crawls around Kuala Lumpur's increasingly congested streets in Mercedes, BMWs, and, above all, Protons, the boxy Malaysian-assembled cars made with Japanese help that are a symbol of the country's industrial aspirations. One in 20 Malaysians now owns a cellular phone.

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