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Tag Archives: Singapore

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

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’s Foreign Direct Investment (FDI) Standing (1975-2010)

Malaysia’s Net FDI is highest in 1997 and is lowest in 2008. MALAYSIA’s the only country in the region with negative Net FDI since 2007. To attract FDI, factors of production need to be attractive – either cheap labours, cheap capital or expensive but highly skilled. We are neither cheap nor highly skilled as opposed to the likes of Vietnam …

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