The shock of the pandemic has given the world an opportunity to reset and re-build systems currently in place for a more sustainable and inclusive society and economy.
Retail is also encouraged to automate – which means introduce the artificial intelligence (AI) of Internet of Things (IoT) that is the AIoT as well as robotics into the picture.
While only the authorities working together with independent parties and the scientific community can verify these probabilities, so far we have no reason to assume the worst.
By emphasising institutional reform, economic competitiveness and talent development, Malaysia would be able to move up the global value chain and escape the middle-income trap.