Mier Chief Blames Rent Seeking Politicians For Nep S Failure



(FMT) – Kamal Salih chuckles before answering the question of why the New Economic Policy (NEP) has failed to fully realise its objective of improving the lot of Bumiputeras, even 50 years after its introduction.
“Pagar makan padi (the fences have been destroying the rice crops),” he said, quoting the Malay proverb about the betrayal of trust.
According to the Malaysian Institute of Economic Research (MIER) chairman, the people responsible for implementing the NEP caused its failure by letting political interests take over economic interests.
Once this happened, he told FMT, the rent-seeking mentality among politicians started growing and has since infested every layer of society, leading to corruption and various forms of leakage.
“You can make a quick buck without doing anything. People in other countries do it too, but we have become very good at it,” he said.
“The Bumiputera economy is what it is, stuck at a level that is not representative of Bumiputera numbers, because the pagar has been eating the padi.”
He said the NEP got off to a strong start because of good groundwork laid by Tun Abdul Razak and a strong civil service in the few years that followed its introduction in 1969.
However, he added, the poor implementation of good policies, such as those related to education and technology adoption, would see the NEP not only failing to serve Bumiputera interests but also hampering the growth of the country’s economy.
He said investors would be deterred by the rent-seeking and politically driven economy and, because of this, no jobs would be created and no skills or technology would be transferred, resulting in the deprivation of people in the Bottom 40 (B40) income group.
He noted that Bumiputeras constituted the majority in the B40 group.
Kamal estimated that rent-seeking was costing Malaysia more than 2% of its gross domestic product (GDP), saying the economy should be growing at 7% of the GDP per year, not 4.7%.
“We need less politics,” he said. “We need to let technocrats plan allocations and oversee implementation.”
Kamal also said rent-seeking had had an effect on racial equality.
He said the solution to the problem of inequalities was to enlarge the economic pie, but he alleged that members of the political elite were eating the pie, leaving the people to fight for scraps.
“Until that is resolved, we are going to be stuck in a time warp of racially-based decision making.”
He said this was why the Bumiputera agenda would continue to feature in the Malaysian economy although it was time to move towards a needs-based agenda.
“So Shared Prosperity Vision 2030 has to be a very radical transformation,” he said, adding that this required, among other things, a change in the government’s approaches.
 


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

https://www.malaysia-today.net/2019/10/16/mier-chief-blames-rent-seeking-politicians-for-neps-failure/

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
Thailand S Surging Baht Is Making Life Expensive For Expats Seeking An Affordable Retirement

Thailand S Surging Baht Is Making Life Expensive For Expats Seeking An Affordable Retirement

papar berkaitan - pada 5/10/2019 - jumlah : 360 hits
Brian Maxey moved to Thailand from the United Kingdom expecting his sterling pension to afford him an easy retirement Instead he is finding it harder to meet his visa s financial stipulations because of the strong baht The former aircraft t...
Shafie To Blame For Mess Over Water Dept Chief S Post Says Sabah Umno Youth

Shafie To Blame For Mess Over Water Dept Chief S Post Says Sabah Umno Youth

papar berkaitan - pada 11/10/2019 - jumlah : 389 hits
Sabah Umno Youth chief Aziz Julkarnain says he and 27 NGOs had protested against the appointment when it was announced last year KOTA KINABALU Sabah Umno Youth is not surprised to learn that the Sabah Water Department director whose appoint...
Being A Hero For Malays Is Okay But Don T Sow Racial Discord Says Anwar

Being A Hero For Malays Is Okay But Don T Sow Racial Discord Says Anwar

papar berkaitan - pada 11/10/2019 - jumlah : 403 hits
PKR president Anwar Ibrahim said becoming a hero for the Malay community must not come at the expense of dividing the nation and stirring racial disharmony in the country As a country we can celebrate or divide but we must choose If we want...
Charge Those Detained For Links With Ltte In Open Court

Charge Those Detained For Links With Ltte In Open Court

papar berkaitan - pada 11/10/2019 - jumlah : 403 hits
ADUN SPEAKS The counter terrorism unit of the Malaysian police said they have evidence that the two DAP state assemblypersons and five others they arrested in a special operation yesterday Oct 10 have links with the Liberation Tigers of Tam...
4 Tips For Avoiding Car Accidents

4 Tips For Avoiding Car Accidents

papar berkaitan - pada 12/10/2019 - jumlah : 269 hits
Getting into a car accident is one sure way to ruin your day One minute you re driving along fine and the next thing you know you re on the side of the road dealing with an accident Now you have to worry about things like how you re going t...
15 Ghostly Diy Halloween Party Decor Ideas For A Spooky Atmosphere

15 Ghostly Diy Halloween Party Decor Ideas For A Spooky Atmosphere

papar berkaitan - pada 11/10/2019 - jumlah : 410 hits
Halloween is quickly creeping up the backdoor and all of the party preparations are starting to happen but as always throwing a Halloween party seems a lot simpler until you re the one that is hosting The post appeared first on
School Schedule For Next Year

School Schedule For Next Year

papar berkaitan - pada 11/10/2019 - jumlah : 249 hits
PETALING JAYA Schools will reopen in all states on Jan 2 next year and a day earlier in Johor Kedah Kelantan and Terengganu According to the Education Ministry s website there will be 198 school days and 75 holidays School heads can apply f...
Budget 2020 Must Brace For Rough Seas Says Prominent Economist

Budget 2020 Must Brace For Rough Seas Says Prominent Economist

papar berkaitan - pada 11/10/2019 - jumlah : 377 hits
Malaysian Institute of Economic Research chairman Kamal Salih PETALING JAYA Ahead of the tabling of Budget 2020 a think tank has warned that the coming year will be tough given the challenges of slower economic growth US China trade tension...
Wordplay And Slang For Brand Name

Kl Chinatown Festival 2024

Cultural Reasons Make Malaysians Target For Human Trafficking Says Firm

Cops Probing Into Foreigner S Death In Custody At Klia

Makan Steamboat Dapat Henna Free

15 Kafe Di Johor Bahru Instagrammble Muslim Friendly

Resipi Daging Masak Hitam Berempah Terlajak Sedap

Masjid Sri Sendayan Keindahan Keunikan Seni Bina Masjid


echo '';
Info Dan Sinopsis Drama Berepisod Lara Kasih Slot Samarinda TV3

Senarai Lagu Tugasan Konsert Minggu 2 Gegar Vaganza 2024 Musim 11

Keputusan Markah Peserta Konsert Minggu 1 Gegar Vaganza 2024 Musim 11

Senarai Lagu Tugasan Konsert Minggu 1 Gegar Vaganza 2024 Musim 11

Info Dan Sinopsis Drama Berepisod Dhia Kasyrani Slot Akasia TV3


Sila Cermin Diri

Pi Kwc Fashion Mall Pulak

Teringin Nasi Orang Kahwin

Rekomendasi Lagu Dengan 2 Kunci Gitar Saja Yang Cocok Untuk Pemula Belajar Gitar

29 Flights Half Price Cruises Whether It S Black Friday Or Travel Tuesday Deals Abound

Hiburan Saya Dah Hari Ke 34 Doakan Saya Misi Selawat 40 Hari Hampir Selesai Ruhainies Akui Rasai Perubahan