Thursday, 10 Dec 2020 08:38 PM MYT
Prof Jomo Kwame Sundaram presents the UNCTAD Trade and Development Report 2018 at Boulevard in Kuala Lumpur September 26, 2018. Picture by Ham Abu Bakar
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KUALA LUMPUR, Dec 10 During this difficult time of an unprecedented health crisis which has disrupted global supply chains, it is crucial for Malaysia to be self-dependent and invest locally rather than depend on foreign investors, according to an economist.
“The foreign direct investment (FDI) is not going to save us especially this time. We have to think primarily in terms of Malaysians investing for Malaysia going forward and to think about the real economy, rather than financial indicators,” said Khazanah Research Institute (KRI) research adviser Professor Jomo Kwame Sundaram in an online forum entitled “12MP: A Conversation with Datuk Seri Mustapa Mohamed” today.