Prime Minister Muhyiddin Yassin says, historically, most countries grew rich by learning to produce new, higher-value products for export. – The Malaysian Insight file pic, March 5, 2021. MALAYSIA needs to transform into a global exporting player, grow its manufacturing capabilities and create its homegrown multinational companies (MNCs) to break out of the middle-income trap, said Prime Minister Muhyiddin Yassin.According to the prime minister, in the decade before the 1998 Asian Financial Crisis, Malaysia’s cumulative gross domestic product (GDP) growth stood at 8.4% annually, but had fallen to 4.6% over the following two decades since then.
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