A Merril Lynch’s report , which I picked up at MI site, shows that by year 2030, Malaysia would still be relatively young and poor. The per capita income may have risen, but if we take real inflation into consideration, it would not have meant much.
We will still remain in the middle income trap, while the 4 little dragons, Singapore, Hong kOng, Taiwan, and Korea would have gone so far ahead that they will overtake UK and Australia.
Looking at the leadership quality we have in BN and PKR(which will be the dominant party if PR captures the Federal seat), I have doubts tht Malaysia can move away from the corrupt and patronage mentality that is so prevalent that it has already become a culture. I have always thought that a 2 party system would be good to bring about drastic changes , with perhaps a small third force to play check and balance, but looking at the scenario, and the quality of leadership, i am getting a bit pessimistic about the future.
One consolation: by year 2030, because the population is young, malaysia can send many of them overseas to work as maids or construction workers…Another consolation: many of us in the fifties now would not be here anymore by year 2030, having emigrated to another world….