Reasons for Malaysia's Middle Income Trap

The reason why the country falls into the middle income trap is that the income distribution structure is unbalanced, the ability of independent innovation is insufficient, and the development of human resources is slow.

The "middle income trap" is the same problem faced by the economic and social development of countries in transition, and Malaysia is also facing the same pressure and dilemma. Unbalanced income distribution structure, insufficient independent innovation ability, slow development of human resources, corruption and other problems restrict the transformation and upgrading of Malaysia's economic structure and restrict Malaysia's economic growth, which is also the main reason why Malaysia falls into the "middle income trap".