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What Malaysia Has to Change to Keep Up With Its Neighbors

  • Nation faces steep challenges as cheaper-cost rivals emerge
  • Competitiveness impeded by low productivity, education system
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Photographer: Bryan van der Beek/Bloomberg

In Malaysia, Khairy Jamaluddin is canvassing ideas to "future-proof" a country he warns has trailed its counterparts for decades.

"If we’re not ready for the next 30 years, then the stakes are high," the Youth and Sports Minister told business leaders in June. "We’ve spent the last 20 to 30 years chasing and trying to catch up with other advanced countries. If we don’t future-proof Malaysia and plan it from now, then we’re going to spend the next 30 years catching up as well."