Written by K. Thiruchelvam. Our earlier article described how governments in Malaysia and Taiwan have responded to the challenges of the COVID-19 pandemic on their health systems. We identified common themes from both countries’ responses to the pandemic and acknowledged the importance of public sector capacities and capabilities in shaping and steering them. This second part of the article will describe how governments in Malaysia and Taiwan have responded to the challenges of the pandemic in their economic sector.
Written by K. Thiruchelvam. Why have some countries responded to the COVID-19 pandemic more decisively than others? How have seemingly under-resourced countries performed better—in terms of the number of cases and fatalities—than their richer counterparts? These and other vexing questions have continued to confound many of us as we enter the third year of a pandemic that has brought governments all over the world to their knees.
Written by Karl Chee Leong Lee. Despite lingering pessimism surrounding the impact of COVID-19 on Southeast Asia’s economy, Malaysia has unexpectedly enjoyed a new wave of Taiwanese investment. According to official figures released by the Malaysian Investment Development Authority (MIDA) last April, the value of inbound manufacturing-based investment from Taiwan has increased seven-fold. In 2019 Taiwan became the fourth largest FDI source for Malaysia’s manufacturing sector after China, the US and Singapore.