We can learn from Sweden: Deputy Minister

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Kota Kinabalu: The Madani Government’s economic blueprint discourages economic investments that need to rely heavily on foreign unskilled workers, taking a cue from Sweden’s success being a small country but managed to accommodate businesses and their workers together optimally.
“The goal for a whole-nation approach is to turn Malaysia into a high-value country that has jobs with high wages. Malaysia’s economy grew by nine per cent per year between 1988 and 1997. 

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“In the 1990s, local talent who went to the United Kingdom, Australia and the United States came back to Malaysia to work because business was booming and opportunity was plentiful. Hopefully, we can recreate this.”  
Deputy Investment, Trade and Industry Minister Liew Chin Tong explained this prong as part of the New Industrial Master Plan 2030 (NIMP 2030) in a recent online Malaysia-China Chamber of Commerce (MCCC) event.

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