KUALA LUMPUR: The key to understanding a country better is through its history, so it is logical to assume the key to studying a country’s economy is through studying its econo­mic history. The book charts the country’s economic activities under colonial rule and contrasts it with the economic growth and development in contemporary Malaysia. During the launch at a hotel here, Sultan Nazrin said that lessons learnt from history carry “great relevance” for overcoming the economic challenges of modern-era Malaysia. “To better understand contemporary economic performance, it is necessary for us to go back into history to understand long-term trends,” he said. One of the most important lessons he learnt in his study was of people’s contributions to the economy, said Sultan Nazrin.

Source: The Star January 18, 2017 00:11 UTC