YOURSAY | Malaysia’s 'tiger' economy an exercise in myth-making

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YOURSAY | ‘There is a crisis of confidence among foreign investors...’Zafrul's post on high foreign investment invites backlash, ridiculeManjit Bhatia: Ahh, Malaysia - the "miracle economy", the "tiger economy", etc. It never was. It never will be. It was and still is a mouse with a tiger's roar.It's nice to rejoice in myth-making, no doubt led by the "miracle economy" - the neoclassical economics school of thought, replete with its composition of fallacies and explanandum.It is seriously doubtful that Malaysia's competitiveness is better than Indonesia's or Vietnam's. That's the old story. The relatively new story, though, is whether Malaysia can compete with the likes of Laos, Cambodia and perhaps even Myanmar, whose economies are enjoying a gush of Chinese capital.Given their low technological ladder and a much large…