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Saturday, June 28, 2014

Will Malaysia Be Part Of The 'Rise of Asia'.



Someone sent me this :
MALAYSIA RUNNING OUT OF TIME... 

LOOK AT THESE STATISTICS. 

These countries’ exchange rate used to be

Hong Kong
   RM1 to HK3.      Today HK2     (Lost 33 %)
Singapore    
RM1 to S$1.       Today S$0.40 (Lost 60 %)
Taiwan        RM1 to TWD16    Today TWD9  (Lost 44 %)

And look at our per capita income!! 
 
The signs foretell that Malaysia will be left behind in the comng Rise of Asia
                 
Mass migration of talent, shameful waste of human capital through a faulty educational system which discouraged meritocracy.

THE COUNTRY HAS LOST TWO GENERATIONS BECAUSE OF THE NEP












PER CAPITA INCOME (US$)















Country

      1971

 1981

 1991

 2001

 2008











KOREA REP

       302

1,648

 7,119

10,243

 19,505











TAIWAN



4,859

 8,077

14,426

 17,040











SINGAPORE

    1,061

5,645

17,750

20,865

 38,172











HONG KONG

    1,107

6,015

15,353

24,695

 31,887











MALAYSIA

      406

1,805

 3,099

 3,701

  7,000























THE FIGURES TELL THE STORY OF HOW BEGINNING IN 1971 THE ‘FOUR ASIAN TIGERS’ RACED AHEAD OF MALAYSIA. 
 
The cost of the NEP was that it stifled economic development because investors, both local and foreign, found the NEP regulations unattractive and not business friendly.

The prevalence of corruption and cronyism of the NEP made many cronies rich, but poor Malays remained poor.
 
From 1971 to 2010, a period of 40 years, we lived in our own world, and depended on the revenue from oil and commodities to fund the restructuring of the economy and so that there would be no identification of race with economy.

HOW DID  SOUTH KOREA ,  TAIWAN , HONG KONG AND SINGAPORE  BECOME THE ASIAN TIGERS? 
THEY EMBRACED FREE MARKET POLICIES.
 
Analysts say that between 1980 and 2005, the world embraced free market policies. These caused living standards to rise sharply, educational standards rose, poverty declined and democracy improved, and life expectancy rose.
 
China is the leading example of the miraculous effects of free market policies launched in 1978.

Coming to the end of 2013 INDONESIA, THAILAND & VIETNAM ARE MOVING AHEAD !!!! 

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