Mar 172009
Industrial Production Index plunges further Source: Statistics Department
The old model is dying. It can never be business as usual again.
We have to come up with a new model to replace the old. A model that is more just, more sustainable, more resilient to external shocks, and ecologically friendlier. A model that does not rely so heavily on FDI, which is rapidly drying up. A model that empowers local communities, respects workers including local farmers, fisher folks and those involved in traditional trades. A model that puts people above profits. A model that can harmonise human activity with Nature.
anil,
instead of harping about what the “new model” should have/look like/must have, can you just write it about it instead?
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Frankly, I am extremely pessimistic regarding the future of the next generation in Bolehland.
The leaders are just incompetent and they have no vision at all.Mere talks, no walks.
The corruption is just too rampant and the burden on the shoulders of ordinary Rakyat is getting heavier day by day.
The recent stimulus package is a big let down. How it is going to increase the IPI is unclear.
However, many rich guys out there do not think so.They are still having gala time.
The people on the streets will have to suffer, no choice.
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Anil, the ‘new’ model you state there sounds like having old abandoned virtues. Old does not necessarily mean bad as when good things are abandoned for bad ones.
One of the main ones I’m interested in is simple – food security. There have been reports of land grabs in Indo-China and surrounding region, it is very apparent in Malaysia. The Port Klang fiasco originated in the ‘land grab’ problem. Dont know what supply displacement it had caused apart from the ugly money debacle. Money supply?
Perhaps trade infrastructure in primary food has improved and may suggest different reading of food security if market exchanges are efficient.
The principal underlying thing about food security is policies and implementation. Getting food out to market may be quick but the effects of the policy will test and reveal many things that cannot support new policies. Land grabs can rear ugly heads when properties pop out of cheap land otherwise available for food supply. Displaced population and unemployment will just make matters worst. Of course that symbolizes other problems.
Generally, it looks like our Far East region looks stable compared to past conflicts which is a plus that affects policies all around, even markets. But watch it when systems get clogged caused by bad governance.
At the end of the day, the essence is on greater equitable economic distribution that ticks pluses for your report card.
While Malaysia tries reforms and let things sink in, The World Bank says innovation is the magic. And Taib Mahmud blamed the EU and passed the buck on because of “no openness” when he paid tribute to the HOL in his recent visit.
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