The implementation of vaccine distribution will make or break our vaccination strategy and will have important consequences for our more macroeconomic outcomes such as GDP growth and employment rates.
All in Economic Growth
The implementation of vaccine distribution will make or break our vaccination strategy and will have important consequences for our more macroeconomic outcomes such as GDP growth and employment rates.
The underlying reason behind Malaysia’s vulnerability to a halt in production — via measures such as the Movement Control Order — is because large chunks of its jobs do not lend themselves to the possibility of working from home.
If successful innovation in nature comes from repurposing existing things to new functions, then we need to have as many “existing things” as possible.
AUTOMATION THAT DISRUPTS EMPLOYMENT WITHOUT A CORRESPONDING BOOST IN PRODUCTIVITY ARE LABELED AS ‘SO-SO’ TECHNOLOGIES. AS WE CONSIDER WHAT FORMS OF TECHNOLOGY WE WANT TO SUPPORT AND PUSH FOR, WE NEED TO BE MORE NUANCED.
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.
We can either create a thriving Malaysia for our descendants 110 years from now, or we can let them go the way of Dawson City after the end of the Klondike Gold Rush.
Approaches to tackling inequality need to take into account the larger picture of national development. We cannot miss the forest for the trees.
why not come up with a set of indicators specific to Malaysia’s context that we do not measure at the moment, but we certainly could.