Should Malaysia benchmark itself against Singapore? Former law minister highlights different approaches

SHAH ALAM - Former law minister Datuk Mohd Zaid Ibrahim has stirred up a debate by challenging the conventional wisdom about comparing Malaysia's economic performance with its tiny neighbour, Singapore.

In an with interview with Sinar Daily, he highlighted the need for Malaysia to set higher benchmarks and aspirations, arguing that the size of the country should not deter it from aiming for greater economic success.

"I know when I compare Malaysia's economic performance with Singapore, there will be critiques saying Singapore is just a small state.

"But why can't we compare with a small country like Singapore?

"All the more, Malaysia, as a larger nation with abundant resources, should aspire to outperform Singapore," he said.

Zaid employed the analogy of a high-achieving student to illustrate his point further.

"It's like a student getting a maximum of 7As in exams.

"Shouldn't other students compare themselves to the student with 7As, rather than those with fewer As?

"Similarly, if Real Madrid (Real Madrid Football Club) hadn't dreamt big, they wouldn't have become the European giants they are today."

Zaid further differentiated the two nations' approaches to resources.

Singapore, he said, is known for its robust focus on innovation and attracting global talent, while Malaysia has its unique strengths and priorities.

"Why do I compare Malaysia with Singapore? Because Singapore wants intelligent people in their country, whereas in Malaysia, we want loyal people," he said.

Whether Malaysia chooses to benchmark its economic performance against smaller nations like Singapore or pursue its unique path to success remains an open question.

Zaid's perspective has reignited the conversation, prompting stakeholders to reflect on the nation's aspirations, priorities, and strategies for a prosperous future.