This conversation is about Najib’s “breakthrough idea for initiating and sustaining Malaysia’s economic and political transformation” – that’s what the World Economic Forum website tells us.
Here he touts his ETP and the 5-plus per cent growth rates. Yes, but who benefits most from this 5 per cent growth?
He talks about the need to use the country’s oil wealth “in a prudent way”. But only a “small portion” has gone into a trust similar to the Norwegian model. The rest has gone into “productive investment”.
He also claims that university admissions now are “based on merit”.
“We are moving towards a policy on the basis of needs as opposed to the basis of race.”