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Economy

Malaysia might pay for downplaying manufacturing

Shopping malls, like this one in Kuala Lumpur, are cropping up in Malaysia.

BANGKOK -- As emerging countries develop, they tend to shift their engine of growth from manufacturing to the service sector out of a belief that higher costs associated with growth erode manufacturers' export-competitiveness. But enhancing added value in services is no easy task, and putting manufacturing on the back burner can lead to stagnation.

     For Malaysia, such a gloomy scenario might become a reality.

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