MALAYSIA’S DETERIORATING COMPTITIVENESS IS BAD NEWS. This bad news sent shockwave in the corridor of power in Putra Jaya. This may be shocking news to Anwar and federal leaders but IT has been common knowledge in the private sector, especially bankers and among pragmatic academicians for a long time.
Text Size:This bad news sent shockwave in the corridor of power in Putra Jaya. This may be shocking news to Anwar and federal leaders but IT has been common knowledge in the private sector, especially bankers and among pragmatic academicians for a long time.
I sympathise with Anwar. Anwar has confronted the loss of competitiveness head on, vowed to tackle the causes. He is facing an uphill momentous task. His chance of success is slim as the Malaysian economy is excessively burdened by overwhelming number of Malaysians who, spoilt by years and years of handouts, subsidies and preferential rights, would not or are unwilling to embrace competitiveness in the fast-evolving high tech global economy. They live a charm life in a different world.
They have achieved 1st world ranking years ago. Malaysia is still eating dust behind. Malaysia is in real danger of falling back into the abyss of 3rd world. Loss of Asian Tiger Economy status which I have mentioned earlier. The Taiwanese, South Koreans, Singaporeans and now the Chinese, have all embraced competitiveness. They have done far better.From primary one to universities, Malaysia has produced insufficient competitive graduates.
No country can do well if the majority of the population are being indoctrinated by political leaders that they are special by birth, they would be protected and need not compete. No Malayan leader dares to say outright that there is no free lunch in this world! Too much of giving freebies to garner political support. Little clue on inflation contentment. Result? The real income of average and poor Malaysians is falling fast.
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