High Income Not Synonymous With Development

According to the latest data on global economies compiled by the World Bank, Malaysia remains an upper middle-income country; however Sarawak has joined the ranks of Kuala Lumpur, Labuan and Penang as members of the high-income economy club. We discuss what the data actually reveals with Distinguished Professor of Economics Dr. Rajah Rasiah of Universiti Malaya.

Image by: KYTan / Shutterstock.com