Tuesday, March 23, 2010

Bernama Does It Again…

A professor speaks:

Analyst: Consumption led-growth vital for re-engineering M'sian economy

KUALA LUMPUR, March 22 (Bernama) -- Consumption led-growth is vital in re-engineering the Malaysian economy, according to senior economic analysts.

Senior Advisor to the Asian Institute of Finance, Professor Datuk Dr Sudin Haron said basically, there are four main components that drive the economy of a particular country - consumption, investment, government spending and net export.

"Therefore, if the government wants to expand the economy, it has to introduce a policy that increases consumption and investment, spend more money for developmental projects and produce more products for export purposes," he told Bernama on Monday.

He said the consumption figure is the main factor that contributes to the gross domestic product (GDP) and, it is represented by both private or consumer consumption and business consumptions.

An incredibly shallow analysis by someone purported to be a “senior economics analyst”, and more what one would expect from a 1st year undergraduate…except Prof Sudin Haron isn’t an economist, but a respected Professor in banking (particularly Islamic Banking).


1 comment:

  1. A textbook professor ... no wonder Bolehland remains stagnant economically.