All this is important as we embark on the new wave of economic policymaking. Either go big or stay home.
All in Malaysia
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.
Approaches to tackling inequality need to take into account the larger picture of national development. We cannot miss the forest for the trees.
After 61 years of institutional, cultural, economic, societal and political path dependence, surely there was going to be a J-curve for the new government.
What if the outcome most preferred by the median voter is a poor outcome? Say, Brexit.
If this policy really does take place, it will, in my view, be one of the most consequential reforms to the Malaysian education system in Malaysian history.
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.
If the people of a nation aren’t known for their competitiveness, how competitive can that nation really be?