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Tag Archives: GNI

The Fallacy of Malaysia’s Economic Realities and the Foreign Workers

Fallacy

Professor Robert Merton, one of the founding fathers of modern-day sociology argued that “a false definition of the situation evokes a new behaviour which makes the original false conception come true”. We are accustomed to several economic facts that we accept as the norm, although it might be different elsewhere. It is embedded in our mind that farmers and fishermen …

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Malaysia: High Income Nation, but Low Income Rakyat

hin lir

Malaysia’s current socio economic structure can be summed up in four words, “Rich Malaysia, Poor Malaysians.” Malaysia is blessed with abundant natural resources with petroleum being the most precious. Add the land, other commodity resources, large youthful population and the country has all the essential ingredients to flourish. How then did this small nation of 30 million manage to end …

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