"“Some of the statements in the book would also make uncomfortable reading both for those in power and in the political opposition,” says one reviewer. Now a bestseller, Muhammad’s book takes on many common perceptions about the question of inequality and related policies like the New Economic Policy. But the real strength and contribution of the book is in the new research as well as an insistence to think more deeply about inequality beyond income."
Wednesday, February 25, 2015
Tuesday, February 24, 2015
Public Seminar in Kedah : All are welcome
Labels:
Inequality,
Malaysia,
NEP,
The Colour of Inequality
Book Review - The Establishment Post
The Colour of Inequality: Ethnicity, Class, Income and Wealth in Malaysia could not have come at a better time.
The book, launched in November last year, covers the themes of ethnicity, class, income and wealth in Malaysia, from the days of the Malay states.
It was published just as Malaysia enters the last leg of a socio-economic development agenda that began in 1970 and will end with Malaysia becoming a high-income nation in 2020.
The statistics-drenched book by Muhammed Abdul Khalid is just the sort of thing needed to make policymakers, technocrats and stakeholders from industries, involved in the crafting of the 11th Malaysian Plan, ask questions on upward mobility, asset ownership and wealth creation and why there are still huge disparities.
Labels:
Inequality,
Malaysia,
The Colour of Inequality
Wednesday, February 4, 2015
To Save is Prudent, but to Improve Education is Wise
Slightly more than four decades
ago, two academics from University Kebangsaan Malaysia published a paper on the
savings rate in Peninsular Malaysia. Drawing from Department of Statistics
(DOS) 1957 Household Budget Survey - the last survey undertaken by the colonial government, they found out that on average, Malaysian
households saved about $19.47 per month, which translated to a savings rate of
nearly 10% of monthly income. Interestingly, they also found out that urban
households saved more - 11% of income compared to rural households (8%), and
Malay households had a higher propensity to save compared to other groups - on
average, Malay households saved 13% of their monthly income compared to 8% in
the case of Chinese households.
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