KUALA LUMPUR -- Malaysia is on track to achieving high-income status, according to the World Bank, while many of its Southeast Asian neighbors face the prospect of being caught in a middle-income trap.
"Malaysia is well on its way to cross the threshold into high-income and developed country status over the coming years," Victoria Kwakwa, the World Bank vice-president for East Asia and Pacific, said this month after meeting Prime Minister Mahathir Mohamad.
