Malaysia's vision of becoming a developed nation by the year 2020 will be delayed by 10 years, said the country’s best known economist, Dr KS Jomo who is a senior United Nations official, the average GDP (gross domestic product) growth of 9 percent before the 1997/1998 financial crisis have been slashed to only around 5 percent.
Yesterday, Jomo met with senior Selangor government leaders to give a private briefing on the global economic crisis and its impact on Malaysia's most industralised state. During the briefing, Jomo provided an example of the public-private partnership (PPP) model that benefits both the government and the private investors as one of the way to propel the state forward but he cautioned the state against embarking the old PPP model which promotes corruption.
Yesterday, Jomo met with senior Selangor government leaders to give a private briefing on the global economic crisis and its impact on Malaysia's most industralised state. During the briefing, Jomo provided an example of the public-private partnership (PPP) model that benefits both the government and the private investors as one of the way to propel the state forward but he cautioned the state against embarking the old PPP model which promotes corruption.
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