Can The Government End Ali Baba Culture In Business?

Dr Carmelo Ferlito, CEO, Center for Market Education (CME)

13-Jul-23 08:30

Can The Government End Ali Baba Culture In Business?

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The government is stepping up its fight against rent-seeking activities, or “Alibaba” culture, which is estimated to cost Malaysia losses amounting to 1% of GDP to corruption. We speak to economist Dr. Carmelo Ferlito, on the kinds of reforms needed to eliminate such activities in the country.

Image by: Shutterstock

Produced by: Yeong Yeng Yee

Presented by: Shazana Mokhtar, Wong Shou Ning

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Categories: Law/Activism, government, economy, corruption

Tags: rent seeking, malaysia government, economy,

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