In this conversation, Professor Terence Gomez discusses his book ‘Misgovernance, Grand Corruption in Malaysia’, focusing on the endemic corruption in Malaysia, particularly through government-linked companies (GLCs). He explores the political dynamics surrounding GLCs, the challenges of reforming corruption, and the implications for both foreign and domestic investment. The discussion emphasizes the need for political will and civil society pressure to drive meaningful change in governance and economic development.
CHAPTERS
00:00 Introduction to Corruption in Malaysia
02:03 Understanding the GLC Ecosystem
06:24 The Role of GLCs in Wealth Distribution
10:27 Political Will and Corruption Reform
15:11 The Dilemma of Selective Prosecution
18:21 Foreign Direct Investment vs. Domestic Investment
22:58 The Future of State-Owned Enterprises
26:56 Public Sentiment and the Call for Change
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