The Lead Economist in Malaysia of the World Bank (WB), Dr. Apurva Sanghi recently praised Malaysia's success in lifting millions out of Poverty.
He said that around 1957 when the Country declared its Independence, half of all Malaysians lived in Poverty, but now that number has gone down to only 6%, lifting around 14 million People out of Poverty.
He also noted how simple Goods used to make up 95% of Malaysia's Exports in the 1960s, but that number has now gone down to only 30%.
And lastly, quoting what he said directly: "The Philippines, Zambia, and Others all started at the same Point as Malaysia, but today, Malaysia’s Gross Domestic Product (GDP) per Capita is 3.6 times that of the Philippines and about nine times that of Zambia".
GDP per Capita is derived by dividing a Country's GDP by its Population Size, and it shows that Country's average Economic Output per Person. It is in Indicator of a Country's Economic Performance and the Standard of Living of its People. Thus the higher the GDP per Capita is, the better.
MY THOUGHTS: Ouch, that hurts, coming from the Country which stole Sabah from us. Maybe Malaysia is indirectly telling the People of Sabah how much better they are off with Malaysia than with the Philippines. Note that our current Poverty Rate is at 15.5%, or more than two and a half times that of Malaysia.
This is just another Example of how much we are being left behind by our South East Asian (SEA) Neighbors.
In the previous Post I wrote about Thailand’s Land Bridge, and now this with Malaysia rubbing their Success on our Faces. And yet the United States (US) and their Id**t Filipino Doggie Arf-Arfs still want us to go to War with “China” to defend Taiwan instead of focusing on Progress and Development.
SOURCE: World Bank hails Malaysia’s overlooked Success in lifting 14 million from Poverty, GDP per Capita now 3.6 times that of Philippines, nine times Zambia {Archived Link}