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.
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.