The choice of what economic activities to pursue – and therefore, what things to export – is the domain of Industrial Policy.
All in Policy
The choice of what economic activities to pursue – and therefore, what things to export – is the domain of Industrial Policy.
Approaches to tackling inequality need to take into account the larger picture of national development. We cannot miss the forest for the trees.
Once something is ‘conventional wisdom’ or a ‘norm,’ and if that something manages to persist over time, it can be extremely difficult to break from that norm. It is why change is so difficult.
There is no magic silver bullet that will solve inequality of income or opportunity. Instead, we should be prepared to invest in a holistic way to address inequality in society.
Historically, inequality never dies peacefully. Can we reverse the trend of history or are we doomed to repeat it?
No true change and reform is straightforward. But markets, in almost all cases, prefer stability and the status quo – what is going on in Malaysia may be anathema to markets.
The government needs to play its part by allowing the rakyat to have a level playing field when it comes to data and facts.
Highly paid foreign workers (interchangeable with expatriates) do not consume the same things that the median Malaysian consumes.
We can presume that as machine intelligence continues to grow exponentially, especially when it can learn on its own, the threat of machines to human jobs is more and more imminent.
In the circumstance of limited resources, can we not envisage a way in which the JPA scholarship allocation could be stretched further?
I do not – or at least I try my best not to – choose topics because of strong emotional reactions. This column is different.
A world without unemployment is not as radical as we might think. A policy is already in the works to enable such a world, breaking the link between jobs and livelihood.