Malaysia must improve its education system and also empower the states
By Marisa Heah
PROF DATO WONG WING THYE, professor at University of California at Davis and chair of the international economic advisory panel to the Penang state government, was the first speaker at Penang Institute’s Penang in Asia Lecture Series on July 29, 2011 at the Wawasan Open University.
In June, the International Monetary Fund issued a downward revision of its global economic growth forecast of April 2011 to show smaller growth for developed countries and stronger growth for developing countries. This implied that the world is expected to grow a little slower, corroborated by a UN report that stated export growth in Asian-Pacific (AP) developing economies for 2011 may be halved from what it was in 2010. But as AP countries have been exporting proportionately more to one another over the past decade, the report proposed that deeper intraregional exports may provide a way out.
