TAG: Economy
Malaysia’s push into high-tech and value-added industries under the 11MP plan is bearing fruit in sectors such as manufacturing and aerospace as it works to foster a new culture of innovation, train local human resources and raise productivity.
On Tuesday's (04/10/16) newspaper review with BBC World News, OBG managing editor Oliver Cornock discusses the deterioration in diplomatic relations between the US and Russia, and the economic uncertainty driven by the emergency rule extension in Turkey with the Turkish Lira dropping further. The review also covers the story on the US congress overturning Obama’s 9/11 veto bill, and more.
Morocco has had success in its recent efforts to build up export-oriented manufacturing projects, which should take over from more traditional industries in driving growth, as well as provide higher-quality employment over the longer term. If the kingdom can continue to attract major investment in high-growth-potential industries such as automobiles, aeronautics, agri-business and offshoring, while also developing well-integrated business ecosystems in these areas, it could achieve the sort of growth rates seen in other emerging markets