The economy, while serving fabulous wealth for a few, has also seen a capital flight, writes Martin Jalleh. Leaders remain in denial or indulge in flip-flops on economic policy as they tout farcical reforms.
Tracing the evolution of the New Economic Policy into the New Economic Model, Dr Jeyakumar Devaraj presents a critique of Malaysian economic policy plus some preliminary thoughts on the way forward.
There is a chance that the government may institute a minimum wage, says Rani Rasiah. But the catch is it is likely to be merely cosmetic, and not a minimum living wage.
Najib’s New Economic Model may look impressive on the surface. But, in our cover story, Jeyakumar Devaraj asserts that NEM policies are actually recycled neo-liberal IMF/World Bank prescriptions for developing countries.
Francis Loh, for his part, wonders how the NEM’s plan to decentralise decision-making can be possible when the BN federal government is uninterested in sharing power with state and local governments.