QUOTE: Malaysia is proving to be all hardware and no software. For years, Umno acted as though top-quality roads, state-of-the-art ports and bridges, iconic skyscrapers and a swanky new capital in Putrajaya would inevitably pave the way to prosperity. But economic software is even more important. And on that front, Malaysia has never bothered to cut red tape, level the playing field for non-Malays, or introduce the competitive forces necessary to stimulate entrepreneurship. -- Bloomberg columnist William Pesek
Posted on: Fri, 21 Mar 2014 09:00:06 +0000
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