Many key ingredients of economic development require long-term planning, a greater tolerance for the long-term (patience) means that these ingredients may get to be fully cooked as well.
All in Malaysia
Many key ingredients of economic development require long-term planning, a greater tolerance for the long-term (patience) means that these ingredients may get to be fully cooked as well.
Survival requires adaptability and agility, making full use of all the tools in our toolbox, instead of being a hammer treating everything as nails. And our longer-term future depends on our ability to grow, change and innovate — we should take a cue from nature and be as creative as we can be.
But as the ESG movement grows, and as calls for transition become ever louder, we need to be clear about what is most appropriate for Malaysia and not simply follow a view or an ideology that was crafted and propagated by folks in richer, more advanced nations.
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
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?
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.
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.
Trust grants a sense of security in society that those being governed will be taken care of by those who govern. It builds a foundation for society to build on…
Without attempting something bold, our every social, political or economic possibility will always be “20 years away” or some faraway vision for us to achieve.
Ultimately, while we must certainly care about infrastructure and the economy, it is real lives and real people that form the centre of our preparations towards more frequent tail events.