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
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 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.
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.
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 !!!!
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.