If you don’t like the title, send brickbats to the Malaysia Chronicle. And if you read the whole article, you realise the title is link bait.
Dateline 2014-02-23:
Norway is oil rich. It is a very cold country and oil is its greatest resource. Norway is also known as the Land of Millionaires – not only because the national wealth is go great but also because its petroleum revenues have been so well managed and treasured by its governments through the decades that the money have trickled down to the ordinary folk.
There is little wastage or leakage through corruption or inefficient policies that cause market incompetency and uncompetitiveness – for example in countries such as Malaysia, where huge amounts of money have been siphoned out – almost a trillion ringgit over the past decade according to the Global Financial Integrity.
Malaysia is also oil rich. But the great majority of its 28 million people are poor and the greatest wealth is held by perhaps as little as 5% of the population. Sad to say the divide between the rich in Malaysia and the not-rich is growing alarmingly wider by the day. This is due to the policies promulgated by Prime Minister Najib Razak’s Umno party which has ruled the country since 1957. The policies have been widely criticized as being flawed and designed to mask massive corruption by the elite leaders in the guise of helping the predominant ethnic group in the country – the Malays.
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Wata - Malaysian Oil and Gas Engineer 