tag:blogger.com,1999:blog-6297413898275266606.post4863204820275332434..comments2024-03-27T18:15:59.096+08:00Comments on Economics Malaysia: 2010 International Investment Position Reporthishamhhttp://www.blogger.com/profile/06265308095732759923noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-6297413898275266606.post-2789276834393804432011-11-03T09:17:57.488+08:002011-11-03T09:17:57.488+08:00Sorry, that was me.Sorry, that was me.hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-42490116229796570442011-11-02T01:17:52.969+08:002011-11-02T01:17:52.969+08:00Hearsay and anecdotal evidence suggests its a bit ...Hearsay and anecdotal evidence suggests its a bit more than that - that there is active reverse discrimination against Malays in business and employment.<br /><br />I think this is a bit overblown, look at the percentage of economic activities dominated by GLC, whatever left can only have secondary effects. Even then, there is no real hard evidence is there?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-46964651082167628612011-10-31T12:52:21.727+08:002011-10-31T12:52:21.727+08:00Your right that there is discrimination in the pri...Your right that there is discrimination in the private sector often by Malaysians of Chinese heritage against others. However, without a race - relation act (or equal opportunity act), its going to be very difficult to make this structural change. <br /><br />Hence, I welcomed the suggestion in the New Economic Model for an Equal Opportunity Act (but it did not see the light of day).<br /><br />Greg Lopezhttps://www.blogger.com/profile/03717331115173935202noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-14108523734325335432011-10-31T12:12:40.047+08:002011-10-31T12:12:40.047+08:00"I would argue the same for any race in Malay..."I would argue the same for any race in Malaysia as there is also a subtle prejudice by non-Malays that Malays are not capable."<br /><br />Hearsay and anecdotal evidence suggests its a bit more than that - that there is active reverse discrimination against Malays in business and employment.<br /><br />So yes I agree that we need structural change.<br /><br />You might be interested inhishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-77667770976891046222011-10-31T09:03:40.819+08:002011-10-31T09:03:40.819+08:00No worries.
As I had noted, I think racial preju...No worries. <br /><br />As I had noted, I think racial prejudice (Malays against Chinese and vice-versa) is merely an escalation of a wrongly diagnosed situation.<br /><br />There were three critical junctures. <br /><br />1. Malayan Union and the creation of UMNO meant encouraged the creation of other race based parties. UMNO was created to defend the rights of Malays.<br /><br />2. British Greg Lopezhttps://www.blogger.com/profile/03717331115173935202noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-60019096089521417172011-10-31T01:58:03.563+08:002011-10-31T01:58:03.563+08:00Sorry Greg, I don't think I actually saved the...Sorry Greg, I don't think I actually saved the paperhishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-88165787193987809462011-10-30T21:46:32.848+08:002011-10-30T21:46:32.848+08:00Any possibility on providing the link to this pape...Any possibility on providing the link to this paper once again. Thanks:<br /><br />"For your information...A major and shocking report from global investment bank (sorry can't reveal the name) is published this week which says that Prejudice in race, gender, class, etc harms economic growth..."Greg Lopezhttps://www.blogger.com/profile/03717331115173935202noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-4861266427351169532011-07-08T12:13:54.132+08:002011-07-08T12:13:54.132+08:00If you want to see how a correlation/causality/coi...If you want to see how a correlation/causality/cointegration analysis is properly conducted, you might want to check this paper:<br /><br />http://www.imf.org/external/pubs/cat/longres.aspx?sk=25017.0hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-5089047522195758302011-07-07T09:32:20.006+08:002011-07-07T09:32:20.006+08:00Oh, I wouldn't argue that prejudice has some i...Oh, I wouldn't argue that prejudice has some impact - but I do wonder how big that impact actually is.<br /><br />In other words, what I would do is put all the potential factors or their proxies (economic, social, financial) into the pot and then work out the relative impact of each. Statistical methodologies exist for looking at multiple variables across multiple countries across time, and hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-38601988808952976392011-07-06T16:47:37.136+08:002011-07-06T16:47:37.136+08:00Ok. I get your point on statistical testing.
Non...Ok. I get your point on statistical testing. <br /><br />Nonetheless, there is plenty of hard evidence why prejudice hampers economic growth: the ones who benefit based on their gender/colour/religion/nationality/class will have no incentive to be productive given their protected status (e.g. look at Proton's global and local competitiveness).<br /><br />Meanwhile the ones that are Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-79105860899187774782011-07-06T08:59:31.394+08:002011-07-06T08:59:31.394+08:00That's not what I'm saying at all. You'...That's not what I'm saying at all. You're getting me wrong:<br /><br /><i>While I wouldn't want to argue against the principle elucidated here, this report just doesn't have the depth to be taken seriously.</i><br /><br />You can argue against prejudice on moral, philosophical, or even religious grounds, and I'd support that argument. There are lots of social principles hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-31918723302133382422011-07-05T15:47:17.409+08:002011-07-05T15:47:17.409+08:00In another words, you are saying that the social i...In another words, you are saying that the social injustice and negative economic externalities of prejudice such as racism should not be taken seriously because the statistical causality is ambiguous. <br /><br />The line of thought is so profound: a less developed person from a less developed country has a tendency towards racism because of lack of education and intellectual maturity. Therefore,Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-8032414009511008312011-07-04T09:33:39.940+08:002011-07-04T09:33:39.940+08:00Walla, thanks as always.
Anon, the report is on p...Walla, thanks as always.<br /><br />Anon, the report is on par with what I would expect from an investment bank...not very good. The author correctly acknowledges that correlation is not causality, but he doesn't address the potential for reverse causality i.e. that less developed countries exhibit greater prejudice (equivalently, greater social inequality), and not the other way around. The hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-88428713523006731012011-07-01T13:07:46.287+08:002011-07-01T13:07:46.287+08:00http://is.gd/iICtj3http://is.gd/iICtj3wallahttps://www.blogger.com/profile/17580252352785040456noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-33006518881968453162011-07-01T10:11:36.037+08:002011-07-01T10:11:36.037+08:00correction:
"...biggest stumbling block for...correction: <br /><br />"...biggest stumbling block for economic productivity, causing the brain drain out of the country via unattractive wages for skilled labour."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-52226819743193079472011-07-01T10:08:57.543+08:002011-07-01T10:08:57.543+08:00For your information...A major and shocking report...For your information...A major and shocking report from global investment bank (sorry can't reveal the name) is published this week which says that Prejudice in race, gender, class, etc harms economic growth.<br /><br />The economist who wrote it is coming to KL to talk about his global economic views but hopefully someone will ask him why he did not mention Malaysia’s NEP policy as one of Anonymousnoreply@blogger.com