KUALA LUMPUR: The government remains committed to grow and break out of the middle income trap to become an advanced high-income economy, according to Economic Affairs Minister Datuk Seri Mohamed Azmin Ali. In order to break out of the middle income trap, Azmin said this would required a different economic logic for Malaysia. “In sum, we must pursue a balanced development path, with policies that enhance inclusion, integrity and sustainability as well as delivering economic growth for the continued prosperity of Malaysians,” he added. “We hold the position that real economic growth must also mean enhancement of the purchasing power of the people. “Going forward, economic growth will also be driven by high-tech sectors, underlining the potential of the digital economy in ensuring Malaysia’s transition to a high-income and developed economy,” he said.

Source: thestar October 08, 2018 02:48 UTC