All in Economic Growth
If successful innovation in nature comes from repurposing existing things to new functions, then we need to have as many “existing things” as possible.
AUTOMATION THAT DISRUPTS EMPLOYMENT WITHOUT A CORRESPONDING BOOST IN PRODUCTIVITY ARE LABELED AS ‘SO-SO’ TECHNOLOGIES. AS WE CONSIDER WHAT FORMS OF TECHNOLOGY WE WANT TO SUPPORT AND PUSH FOR, WE NEED TO BE MORE NUANCED.
All this is important as we embark on the new wave of economic policymaking. Either go big or stay home.
Culture clearly matters and, unfortunately, culture is something that is super difficult to change overnight, especially a culture of tradition.
Are we prepared to handle the inevitable social fallout from greater automation, as well as the difficult decisions arising from creative destruction?
The choice of what economic activities to pursue – and therefore, what things to export – is the domain of Industrial Policy.
We can either create a thriving Malaysia for our descendants 110 years from now, or we can let them go the way of Dawson City after the end of the Klondike Gold Rush.
Approaches to tackling inequality need to take into account the larger picture of national development. We cannot miss the forest for the trees.
why not come up with a set of indicators specific to Malaysia’s context that we do not measure at the moment, but we certainly could.
We’re not supposed to be as successful as we are and to still have as much potential as we do today. Yet after 60 years of independence, Malaysia has been among the most successful countries in the world in terms of economic growth.
“Does Culture Affect Economic Outcomes?” To be a bit more specific, given that we are now in the holy month of Ramadan, I would like to narrow this discussion down to the role of religion in economic growth.