Prof Yeah proposed sustainable development of the Bandar Malaysia project through linking it with the high-speed rail project to Singapore, preventing a retail and commercial space glut.
Prof Yeah said a lot of industries would change the way they operate. The medical industry, for example, might undergo a transformation towards telemedicine.
Prof Yeah said rising unemployment would not bode well for private consumption, which makes up nearly 60 per cent of the country’s gross domestic product.
Prof Yeah uses the example of rice imports from our Southeast Asian neighbours to explain and argue for the concept of “comparative advantage” principle.