The key issue in Malaysia is whether controls will help or hinder the restoration of sound medium-term growth and more normal access to international capital markets.
Ensuring that investors are able to achieve an adequate return on capital through export in the near-to-medium term represents the most promising path to achieving much greater volumes and, in so doing, maximizing domestic supply over the long term.
There is plenty of venture capital for ideas that promise returns in the short or medium term, but longer-term research and development depends heavily on governments.