The banking sector is poised to face new challenges from high interest rates environment in the coming years. With higher cost of borrowing, the public may postpone their purchases. Not only that, current concern with inflation is making many banks worried about interest-rate risk. Floating rate loans can easily absorb any increase in the overnight … Read more
Authors: Fang, Han-ming & Norman, Peter. Source: International Economic Review, Vol. 47, No. 2, May 2006, p. 361-389. Abstract: We study an economy with private and public sectors in which workers invest in imperfectly observable skills that are important to the private sector but not to the public sector. Government regulation allows native majority workers … Read more
The strong export-led growth rates that the country has enjoyed have helped tremendously in poverty eradication. In the 1970s the average growth rate was 7.5 per cent; in the 1980s it was 5.8 per cent; and in the 1990s the growth rate averaged an invigorating 7.1 per cent. Author: Nambiar, Shankaran. Publication: MIERScan, 5 June … Read more
Authors: Rajah Rasiah & Ishak Shari. Publication: Cambridge Journal of Economics 2001. Abstract: Leading economic institution such as the World Bank have argued that liberalisation holds the key to growth, poverty alleviation and redistribution. Even recent efforts to model increasing returns within the framework of new growth theories have not resulted in prescriptions for stronger … Read more
Reported by Hong, Bede & Muhammad Razif. Publication: Malaysiakini, 6 October 2006. Abstract: In this two-part interview, Khalid Ibrahim tells malaysiakini why he join the opposition PKR and why he – who was one of the key promoters of the New Economic Policy – now considers it as a ‘cancer’. Download
It seemed at a point that Malaysia’s economic development would be characterised by a shift in emphasis from the development of its ‘hard’ infrastructure to its ‘soft’ infrastructure. The years during Mahathir’s regime could be described as a period where buildings, roads, and airports featured as sources of growth and levers of development. Author: Nambiar, … Read more
Publication: Malaysiakini, 20 October 2006. Introduction: Imagine this. We have hit the 30 percent bumiputera corporate equity ownership target. All ethnic quotas are abolished. Political parties are no longer racially-based. We see ourselves as Malaysians first and everything else, second. Indeed, the impact of a Malaysia minus the New Economic Policy will be nothing short … Read more
Author: Koon, Yew Yin. Publication: Aliran, 26 January 2007. Abstract: The most indisputable fact is that we were once at par with Singapore, Hong Kong, Taiwan and South Korea in 1970 when the NEP was first introduced. Download
SMEs need to embrace the state-of-art technologies to penetrate non-traditional markets and remain competitive in the face of increasing challenges posed by globalisation, liberalisation and technological advances. Author: Musalmah Johan. Publication: MIERScan, 30 May 2005. Download
Women constitute between 32 and 46 per cent of the labour force in individual economies, with 36 per cent of them representing the Malaysian workforce. Globally, the increase in women’s overall share of the labour force has been particularly marked in exportoriented sectors, where women comprise as much as three-quarters of the workforce. Author: Yee, … Read more