Malaysia returning to failed model that Dr M tried to correct, claims economist

Wing Woo, professor of economics, is featured in Malay Mail Online.

KUALA LUMPUR, Sept 13 — The Malaysian government is now returning to the failed economic model of state-led growth that former prime minister Tun Dr Mahathir Mohamad had tried to correct through privatisation, economist Prof Datuk Dr Woo Wing Thye has said.

Woo also predicted that the government’s buying out of successful private companies would only result in these firms becoming unsuccessful state firms in the future.

Read more at Malay Mail Online.