Our 2nd FM's recent postulate of a strived for high income national economy is indeed a worthy goal. To this end, he urged for more R & D, branding and high-value adding efforts and activities from our SME's.
Rightly so, he further pointed out the needs for developing new products as well as new markets.
I am all for these as, believe you me, these were the same clarion calls made way back in the 70's, 80's and early 90's.
Then we had mostly the bricks-and-mortar entities that competed and prided themselves in productivity gains each successive year. These were on the backs of minimal forex outflows due to relatively smaller population of employed foreign labour.
Yes, we enjoyed many years of affluence.
Contrarily nowadays, we learn of a massive size of foreigners employed in our industries as well as the social and fiduciary problems they collectively posed. No less worrying is, the persistent silence in official announcements concerning our strides or slides in productivity gains and decline, respectively.
I pray to be enlightened further as to how my children and their children will really live in the midst of a high-income Malaysian economy.
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