Economist: Populism, nationalism in advanced economies a threat to Malaysia economic growth
PublishedHarvard Club Malaysia president Professor Tan Sri Lin See-Yan said advanced economies today generate the most disruptive political risk to businesses. — Picture by Yusof Mat Isa
“US President Donald Trump’s shift to protectionism is one example and disruptive Brexit is another,” he said at the Asian Strategy and Leadership Institute Economics Conversation here today. “In recent years, we have seen competition regulators outside of a multinational firm’s domestic market kill-off some transactions, delay others for months and force divestitures when there seem to be little evidence of monopoly,” he said.
“More importantly, the threat of enhanced regulatory constraints is making it almost impossible for some multinationals to plan for the long term,” he said.
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