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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 1
Jun 1 Subsidy Rationalisation and Diminishing Marginal Returns on Data

Nicholas Khaw
Economic Growth, Education, Malaysia, Policy, Statistics, Taxes

As such, as the government prepares for the final round of rationalising RON95 subsidies, it would do well to make “good enough” policy decisions — which is how life and evolution work anyway — rather than technically perfect policy decisions

May 4
May 4 KL20 and the Need for Accepting Failure

Nicholas Khaw
Capitalism, Economic Growth, Innovation, Malaysia, Policy, Technology

We must understand that trying new things means that some will fail, and that what is important is that we must fail in a way that allows us to move forward.

Apr 6
Apr 6 The Dark Knight and Malaysia’s Upcoming ASEAN Chairmanship

Nicholas Khaw
Economics, Policy, Politics

Taking the position as chair of Asean in 2025 requires some prioritisation of what is a national issue versus what is a regional or even global issue. Climate, electrification, food, regional geopolitical security, may be some of these issues, but what else?

Mar 2
Mar 2 Listen All Y’all, It’s a Sabotage

Nicholas Khaw
Democracy, Economics, Reflections, Politics, Policy

Therefore, it isn’t that less bureaucracy is a good thing; we just need a high-performing bureaucracy. We really need to quit sabotaging our organisations, public and private.

Feb 3
Feb 3 Imagination, Innovation and the Consequences of the Roman Empire

Nicholas Khaw
Economic Growth, History, Innovation, Politics

So, as we aspire to be “innovative” or “creative”, we must learn to be better at evaluating plausible useful counterfactuals. Playing too safe doesn’t really get us anywhere beyond what may be in textbooks. And being too unanchored just creates arguments as useful as those in YouTube comments.

Jan 6
Jan 6 Four Cool Ideas I Learnt in 2023, and Four Questions

Nicholas Khaw
Culture, Democracy, Economics, Reflections, Politics, Trust

The best part about reading stuff is learning new ideas and seeing how they might connect to other ideas or be applicable to certain situations or circumstances. So with that in mind, I thought I would just share four of the most interesting ideas I learnt in 2023, be it from books or articles.

Dec 2
Dec 2 Board Games and the Absurdity of a Performative Purity Arms Race

Nicholas Khaw
Economics, Malaysia, Justice, Reflections, U.S.A.

humankind is imperfect in the first place — and try to see that, rather than get worked up over performative displays of purity, we should instead channel our efforts towards resolving real issues, helping others rather than judging them.

Nov 4
Nov 4 Public Transport and Fuel Subsidy Rationalisation

Nicholas Khaw
Malaysia, Policy, Economics

That said, as mentioned, cash transfers to compensate for subsidy rationalisation address symptoms, not causes. The key challenge we need to tackle remains a cost-effective, reliable and well-connected inter- and intra-city public transport system.

Sep 30
Sep 30 Taxation reform and the Elite Social Terrain: Lessons from the Tang Dynasty

Nicholas Khaw
Basketball, Economic Growth, History, Politics, Taxes

It isn’t just our national finances that can ill-afford such populist measures, it is our entire development path. Can we come together to better understand our elite social terrain, and make moves towards a more sustainable future?

Aug 26
Aug 26 Dangers of Conformity and the Status Quo

Nicholas Khaw
Culture, Innovation, Reflections, History

Perhaps a rule of thumb is as follows: “If you’re unsure, always choose against the status quo and always choose new.” Tradition is safe, but only innovation can get us where we need to go.

Jul 29
Jul 29 The Dark Knight and Ekonomi Madani: The Importance of Sticking the Landing

Nicholas Khaw
Economic Growth, Economics, Malaysia

As such, while I had to watch on in semi-disappointment as The Dark Knight Rises failed to stick its landing, we are not just passive observers watching a movie unfold. The economic vision the prime minister has laid out is a strong start, but it needs to stick its landing.

Jul 1
Jul 1 Dinosaurs, Climate Adaptation, Chaos Theory and Blended Finance

Nicholas Khaw
Dinosaurs, Malaysia, Policy, Climate

But now, if we plug these unprecedented initial conditions into Chaos Theory, where weather patterns can fluctuate immensely, the logical inference is that we will see ever more variable and unpredictable weather conditions even in seemingly “stable” zones.

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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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