Services: Malaysia's Escape from the Middle-Income Trap?

Alessandro Barattieri, Senior Economist, Office of the Chief Economist for East Asia and Pacific, World Bank

24-Jan-25 12:00

Services: Malaysia's Escape from the Middle-Income Trap?

Pause
Embed

In this episode of Enterprise Explores, we delve into the power of services in driving economic development, with Alessandro Barattieri, Senior Economist with the Office of the Chief Economist for East Asia and Pacific at the World Bank, to discuss the key findings of their "Services Unbound" report.

Discover how digital technologies and policy reforms are reshaping economies in East Asia and the Pacific, and how Malaysia can leverage its services sector to escape the middle-income trap. We explore the critical role of digital adoption, education reforms, and policy liberalisation in unlocking growth, emphasising the need for a skilled workforce and balanced approach to regulation.

Tune in to understand the importance of investing in human capital, promoting gender inclusivity, and fostering international cooperation to harness the full potential of services in the digital age.

Produced by: Roshan Kanesan

Presented by: Roshan Kanesan

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories: economy, technology, managing, politics, education, investments

Tags: services economy, middle-income trap, digital technologies, policy liberalisation, gender inclusion, labor mobility, economic development, policy reforms, digital adoption,

Today’s Shows

11:00 AM

Best of Enterprise

(REPEAT) In a global debt market of over $100 trillion, the Shariah-compliant Sukuk market has just crossed its own major milestone: $1 trillion. But what exactly are these Islamic financial instruments, how do they differ from conventional debt, and what's driving their rapid growth? Bashar Al Natoor, Global Head of Islamic Finance at Fitch Ratings, joins us to get into all this and more.

12:00 PM

Popcorn Culture

(REPEAT) In the spirit of Merdeka and Malaysia Day, we review three local short films and then on Take 2 go through your favourite Malaysian movies.

1:00 PM

Cruise Control

(REPEAT) It's a review of the new, competitively-priced BYD Atto 2 in this week's episode. Tune in to hear Daniel's thoughts on this car.

2:00 PM

Matt-Splained

(REPEAT) Today, Rich Bradbury and Matt Armitage pose the most explosive question of all and ask: AI, ya basic?

3:00 PM

Earth Matters

(REPEAT) We speak to Dr. Non Arkaraprasertkul, Senior Expert at Thailand’s Digital Economy Promotion Agency, about his work on smart city projects across ASEAN and how technology, policy, and people’s needs can create greener, more livable cities.

4:00 PM

Bar None

(REPEAT) A local football agent joins us in this episode to talk about his world and what goes around in it. Is it as glamorous as it seems?

5:00 PM

BBC World Service

This episode of The Conversation features two women who are managing orchestras in Hungary and the UK.

PROGRAMMES