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About Nick: i am an economist based in malaysia. I write about ECONOMIC DEVELOPMENT AND POLITICAL ECONOMY, while sneaking in a pop culture reference or two.

Nicholas Khaw

Jun 4
Jun 4 Making Bricks from Clay: Digitising our Historical Data

Nicholas Khaw
Economics, Innovation, History, Technology

We need to be comprehensive of the mountains of potential data that we have lying all around us. Researchers have used tomb epitaphs, folklore stories and naming conventions from the past — can we challenge ourselves to be as creative and, more so, to digitise our data accordingly?

May 7
May 7 Schools, Universities and Old Boys' Clubs

Nicholas Khaw
Culture, culture & identity, History, Justice, Politics

“New blood” necessarily means going against the status quo. That status quo can be entrenched for a variety of reasons, among which are the types of bonds developed since teenage-hood, forged in boarding schools across the nation.

Apr 9
Apr 9 Structural Reforms Versus Preservation of the Status Quo

Nicholas Khaw
Economic Growth, Culture, History, Politics

It is not enough for policymakers to announce important ambitions and policy promises, we need all of Malaysia’s collective brain — our institutions, our cultural norms — to want to change as well. And that can be difficult.

Mar 12
Mar 12 Earning the Right to Implement and Maintain Personal Responsibility

Nicholas Khaw
Covid-19, Justice, Malaysia, Policy, Trust

Moving from enforced regulations to personal responsibility means we not only need to ensure the practical aspects of ensuring everyone has equal access to “personal responsibility” at best, we need to build or even rebuild trust.

Feb 5
Feb 5 Lifts in a Lobby, Cultural Evolution and Power Distance in Malaysia

Nicholas Khaw
Malaysia, Culture, Policy

Power distance and our “VIP culture”, which may have worked in different instances in the past or indeed in the present for a given objective, is unlikely to be conducive to future economic development objectives

Jan 8
Jan 8 The Perils of Over- and Under-Government

Nicholas Khaw
Economics, History, Malaysia, Policy, Politics

All governments need to figure out where it is necessary for them to ‘over-govern’ and to ‘under-govern’ and then figure out how the right balance between over-governing and under-governing.

Dec 4
Dec 4 The Race between Education and Technology

Nicholas Khaw
Education, Economic Growth, Innovation, Policy

Technology need not be predestined, and technology policy is something policymakers can influence. Governments can and should shape the kinds of digital technology they believe their countries can adopt and deploy.

Nov 6
Nov 6 Of Dune, Star Wars and Social Mobility

Nicholas Khaw
Reflections, Justice, culture & identity

How many “Chosen Ones” have we missed simply because we do not provide them with the opportunities to maximise their potential?

Oct 2
Oct 2 Economic Competitiveness and Firm Productivity

Nicholas Khaw
Economic Growth, Malaysia, Policy, Economics

When it comes to competition, if Malaysia’s largest firms primarily compete among themselves for an “island-type” market size, how productive can they actually be?

Sep 4
Sep 4 Economic Growth and a Societal Merdeka of Our Spirit

Nicholas Khaw
Economic Growth, History, Malaysia, Reflections

Questioning the wisdom and the authority of the past is how progress progresses. We will not achieve a true merdeka of self-determination for our country if we, at the societal level, do not ourselves possess a merdeka of our spirits.

Aug 7
Aug 7 Industrial Revolution Lessons for Malaysia's National Recovery Plan

Nicholas Khaw
Economic Growth, History, Malaysia, Covid-19

Our National Recovery Plan must chart a path towards a more sustainable and inclusive prosperity. We must be ambitious, bold and imaginative. But most of all, we have to be patient.

Jul 3
Jul 3 The Societal Optimal Level of Failure

Nicholas Khaw
Economic Growth, Innovation, Reflections

Economic development will have occasional failures as by-products of its progress. The optimal “experimental failure” level in a country is non-zero.

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Hi, I'm Nick. My research interests and intellectual passions are in the the political economy of economic development particularly related to the long term persistence of historical events and cultural/institutional co-evolutionary factors on economic and public policy outcomes today.

I serve as an economist in Khazanah Nasional, Malaysia’s sovereign wealth fund, where I am Head of Research and Co-Head of Private Markets, Investments. My work covers Investments research, private markets investing (direct and indirect), Dana Impak, Khazanah’s knowledge management and Khazanah’s public policy engagement. I am also a Trustee of the Khazanah Research Institute.

I also write a monthly column for The Edge Malaysia.

 

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