A Decade On Impact Of Bri On Malaysia Still Debatable


 
The ECRL project has been subjected to renegotiations and realignment. (Bernama pic)PETALING JAYA: Malaysia embraced China’s Belt and Road Initiative (BRI) when it was launched in 2013 but a decade on, views on its impact on the country has been mixed at best.
Even the much hyped-up East Coast Rail Link (ECRL) has courted controversy.
Work on the ECRL project began in August 2017 but just a year later, it was suspended.
Over the years, the project has been subject to renegotiations over costs and realignment.
In 2018, when the Pakatan Harapan coalition swept the Barisan Nasional out of office, the ECRL project quickly came under review.
The RM50 billion cost was deemed too high. In fact Mahathir Mohamad, who had returned for his second stint as prime minister, claimed it was RM30 billion too expensive, a sum he alleged was to be used to pay down debts incurred by 1Malaysia Development Bhd.
But the ECRL is not the only project launched in Malaysia under the BRI, a global initiative by Chinese President Xi Jinping.
Among other projects under the same initiative that have become similarly controversial are the petroleum and gas pipeline in Sabah and Forest City in Johor.
Meanwhile prospects for the RM43 billion Melaka Gateway project appears bleak now that the state government has terminated the contract with the local company responsible for reclamation work.
The pitfall
Carmelo Ferlito.Economist Carmelo Ferlito, who is CEO of the classical liberal think tank Center for Market Education, believes the BRI model “hinges on harmful debts” for the receiving country.
On the other hand, Shankaran Nambiar of the Malaysian Institute of Economic Research (MIER) believes the economic cooperation with China “means a lot to Malaysia”.
Citing the Indonesian and Sri Lankan experience, Ferlito said Malaysia should stay away from the China economic model.
“Indonesia’s first high-speed train linking Jakarta and Bandung and the commitment to turn Sri Lanka into ‘the hub of the Indian Ocean’, failed and resulted in high debts,” he told FMT Business.
He claimed that the growth of China has been fuelled by government spending “without consideration for long-term consequences and a reliance on extremely high private debt”.
“Malaysia should avoid the Chinese economic model, which is marked by neo-colonialism through debt and misguided mega project spending,” he added.
Ferlito said Malaysia should instead focus on long-term strategies such as educational reform, promoting entrepreneurship and industrial consolidation.
“These measures can stimulate indigenous technical progress and contribute to sustainable development in the country,” he added.
Where Malaysia can benefit
Shankaran Nambiar.Shankaran said Malaysian companies should have a stake in the projects under the BRI initiative given that they are co-builders.
“There should be local content and we have to make sure local talent is involved, and there should be transfer of technology,” he told FMT Business.
“We should maximise its potential by fostering strong partnerships,” he added.
However, he also stressed that there is a need to examine the economic-security nexus. “Economic benefits should not come at the cost of neglecting security implications,” he said.
On the other hand, he said, denying the economic benefits of the cooperation with China would mean turning back the clock.
“It would be naive to think that any economic engagement with China should be viewed with suspicion,” he added. - FMT


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2023/12/a-decade-on-impact-of-bri-on-malaysia.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Is Malaysia Still A Poster Child For Multiculturalism

Is Malaysia Still A Poster Child For Multiculturalism

papar berkaitan - pada 22/12/2023 - jumlah : 251 hits
The discriminatory policies unbalanced rights and special privileges for the majority ethnic group say otherwise Malaysia is often described as Asia in miniature It s the textbook definition of our country which we love to repeat over and o...
Gender Discrimination Still Persists In Malaysia

Gender Discrimination Still Persists In Malaysia

papar berkaitan - pada 14/12/2023 - jumlah : 212 hits
On Dec 10 every year the global community celebrates Human Rights Day This Dec 10 marked the 75th anniversary of one of the world s most groundbreaking global pledges namely the Universal Declaration of Human Rights The emergence of the doc...
Sama Juga Macam Tadi Yang Ni Pun Hangpa Nak Lantik Perintah Malaysia

Sama Juga Macam Tadi Yang Ni Pun Hangpa Nak Lantik Perintah Malaysia

papar berkaitan - pada 17/12/2023 - jumlah : 346 hits
Kita Merdeka tahun 1957 Kemudian Malaysia ditubuh pada 1963 Sekarang dah lebih 66 tahun merdeka dan 60 tahun tahun Malaysia dibentuk baru keluar cerita nak tetapkan cuma Melayu jadi PM Kenapa Adakah semasa rundingan kemerdekaan dahulu para ...
Macam Ni Nak Perintah Malaysia

Macam Ni Nak Perintah Malaysia

papar berkaitan - pada 17/12/2023 - jumlah : 224 hits
Taki yang masih terkeliru Dia ingat kerajaan ini masih dikuasai oleh PN dengan Mahiaddin masih lagi PM Sebab itulah dia fikir MP PN yang sokong PMX akan dapat jawatan dalam kabinet Malangnya tidak Sebab ini Kerajaan Perpaduan dan diterajui ...
Solidariti Malaysia Untuk Palestin Setiap Ahad

Solidariti Malaysia Untuk Palestin Setiap Ahad

papar berkaitan - pada 17/12/2023 - jumlah : 194 hits
Setiap pagi Ahad akan diadakan solidariti di US Embassy bermula Ahad ini Tidak melibatkan mana mana parti Hormat satu sama lain dan jangan buang sampah merata rata Bawa prop sendiri yang sesuai dan pakai pakaian bersesuaian Malaysians In ca...
Nampak Macam Durian Tapi Bukan Ini Buah Paling Eksotik Dalam Malaysia Ramai Tak Tahu

Nampak Macam Durian Tapi Bukan Ini Buah Paling Eksotik Dalam Malaysia Ramai Tak Tahu

papar berkaitan - pada 18/12/2023 - jumlah : 112 hits
Buah ini menampilkan keunikan tersendiri dengan gabungan ciri ciri durian dan cempedak yang memukau Secara visual buah mentawa mempunyai bentuk yang istimewa Kulitnya menyerupai durian dengan duri yang tidak terlalu tajam sementara daging b...
Malaysia Encourages Asean Japan Collab Enhance Cybersecurity Standards

Malaysia Encourages Asean Japan Collab Enhance Cybersecurity Standards

papar berkaitan - pada 17/12/2023 - jumlah : 212 hits
Recognising Japan s expertise in cyberspace Malaysia encourages further Asean Japan collaboration to elevate cybersecurity standards in the Southeast Asian region by sharing best practices said Prime Minister Anwar Ibrahim He said that with...
Malaysia To Host Mobile Legends Online Gaming Championship

Malaysia To Host Mobile Legends Online Gaming Championship

papar berkaitan - pada 17/12/2023 - jumlah : 299 hits
Deputy youth and sports minister Adam Adli said the decision to hold the games in Malaysia was an achievement for all Malaysians PETALING JAYA Malaysia will host the world championship of the Mobile Legends Bang Bang multiplayer online game...
The Day Many Found The Malaysia They Long For

The Day Many Found The Malaysia They Long For

papar berkaitan - pada 17/12/2023 - jumlah : 256 hits
An extraordinary thing happened at a reunion of sporting greats in Kuala Lumpur last Saturday a nostalgia playbook opened and carried about 200 people back in time to the 1960s and 70s Believe because the Sports Flame event did not just liv...
Rasa Masakan Korea Soondubu Jigae Beef Di Dubuyo

China S President To Host Official Dinner For Anwar

I Bought A Toy Like Vape Online Mp Tells Dewan Chamber

Drama One Cent Thief 2 Lakonan Syafiq Kyle Azira Shafinaz

Tip Mudah Santan Berketul Jadi Elok Semula Letak Sehelai Daun Ini Saja

Unlocking Savings Expert Tips For Finding Discounted Cigarettes In Australia

Kips Bay Decorator Show House Dallas 2024 An Exquisite Showcase Of Design

India Secebis Kenangan Di India Random Photos


echo '';
Biodata Terkini Penyanyi Illa Sabry Peserta Gegar Vaganza 2024 Musim 11 GV11

Info Dan Sinopsis Drama Berepisod Senyawa iQIYI Malaysia

Info Dan Sinopsis Drama Berepisod Project Projek Exit Astro Originals

Pelajari Asal Usul Nama Makhluk Seram Kisah Fiksyen Barat Yang Terkenal

10 Fakta Filem Kahar Kapla High Council Yang Ramai Tak Tahu Prekuel Drama Project Projek High Council


Kisah Care Giver

Building Dreams One Brick At A Time Legoland Malaysia Resort Welcomes Malaysia S First Master Model Builder

Pilih Minyak Wangi Ikut Personaliti Korang

Kalendar Kuda 2025 Malaysia

Makan Yong Tau Foo Taiping

Layanan Samsat Batam Centre Kemudahan Dan Kecepatan Dalam Pelayanan Pajak Kendaraan