Reforms, inclusivity needed for high-income nation - economist

There is a need for structural reforms, innovation, and inclusive growth for countries, including Malaysia, to propel themselves towards high-income status, said an economist.

World Bank Group chief economist Indermit Gill said countries in the middle-income trap often face challenges such as slowing productivity, lack of innovation, and income inequality.

“To move from middle-income to high-income status, countries must...