The challenges Malaysia faces – from reversing the slide in foreign direct investment to tackling labor shortages and protecting workers’ rights – are undoubtedly formidable. But perhaps no one is better equipped to confront them than its new prime minister, Anwar Ibrahim.
KUALA LUMPUR – In 2007, on the 50th anniversary of Malaysia’s independence, Nobel laureate economist Joseph E. Stiglitz celebrated the “miracle” of the country’s economic rise and creation of a vibrant multiethnic society. In the 15 years that followed, however, revelations of large-scale corruption and abuse of foreign workers damaged Malaysia’s international reputation and fueled domestic political instability.
KUALA LUMPUR – In 2007, on the 50th anniversary of Malaysia’s independence, Nobel laureate economist Joseph E. Stiglitz celebrated the “miracle” of the country’s economic rise and creation of a vibrant multiethnic society. In the 15 years that followed, however, revelations of large-scale corruption and abuse of foreign workers damaged Malaysia’s international reputation and fueled domestic political instability.