The conversation between human and AI assistant.
Why has Malaysia failed to develop into a first world country like Singapore?
What about Malaysia's economy? Do you think that has played a role in its slower development compared to Singapore?
Yes, the Malaysian economy has also been a factor in its slower development. While it has a diverse range of industries, including manufacturing and services, there has been a lack of investment in high-tech and knowledge-intensive industries. Additionally, the economy has relied heavily on commodities such as oil and palm oil, which can be volatile in terms of prices. Singapore, on the other hand, has been successful in attracting investments from high-tech industries, which has helped to support its growth.