tag:blogger.com,1999:blog-6297413898275266606.post206031160449946371..comments2024-03-27T18:15:59.096+08:00Comments on Economics Malaysia: Why Demographics Matter: Japan’s Lost Decade Was An Illusionhishamhhttp://www.blogger.com/profile/06265308095732759923noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6297413898275266606.post-10692363641670144002011-10-17T22:12:03.409+08:002011-10-17T22:12:03.409+08:00Key point - high income economics are also high co...Key point - high income economics are also high cost economies. It's called the <a href="http://en.wikipedia.org/wiki/Penn_effect" rel="nofollow">Penn Effect</a>. Just because you have high income doesn't mean you have high purchasing power.<br /><br />We'll be dealing with that here in Malaysia soon enough.hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-72282215421252107112011-10-17T21:29:11.783+08:002011-10-17T21:29:11.783+08:00But sir,50 percent of jobs in japan are part time....But sir,50 percent of jobs in japan are part time..how can it be japanese workers have high income per head...the working class in japan are literallly dying....the job market there is hopeless...japan is not an example..but true enuff...there many insanely rich people in japan like the ones we see in their animes...Hijaz Kamalhttps://www.blogger.com/profile/16191302121828023065noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-38207660320377537352011-10-17T16:45:06.717+08:002011-10-17T16:45:06.717+08:00All good points, hishamh.
I'll just leave yo...All good points, hishamh. <br /><br />I'll just leave you with number 4.<br /><br />Where in the evolution of all our national education policies has there been focus on knowledge and relevance to the world?<br /><br />dankewallahttps://www.blogger.com/profile/17580252352785040456noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-28807931809524935712011-10-17T15:26:28.380+08:002011-10-17T15:26:28.380+08:00Walla,
On point one - I wouldn't want to spec...Walla,<br /><br />On point one - I wouldn't want to speculate. It may very well be as you suspect, or it could be cultural factors. I'll need to research the question (too much knowledge to gain, not enough time!!).<br /><br />2. I think it's because from the outset, Singaore was an urban centre which means they've had to deal with that problem from the start. We've had the hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-52373163318858258152011-10-17T12:49:40.225+08:002011-10-17T12:49:40.225+08:00Was it because Japan used more robots and their ho...Was it because Japan used more robots and their households could afford higher savings by living on the power of less?<br /><br />Secondly, Singapore's home ownership rate is 87 percent. How did they do it?<br /><br />Thirdly, carrying forward from your previous post on Morgan Stanley, what's your take on PPSMI (http://is.gd/Scfgnw)? After fifty four years and billions, it is still a wallahttps://www.blogger.com/profile/17580252352785040456noreply@blogger.com