The articles, the opinions, the stories, the poems and the cartoons Ovi magazine covers for Tuesday November 2nd, 2021
Malaysia’s 12th Plan: In search of a realistic new socio-economic strategy by Murray Hunter, Lim Teck Ghee and Ramesh Chander
The Ismail Sabri govt and RM12 is a re-affirmation of the NEP and continuation of the existing approach to both macro-economic management and intervention in the economy. The great significance of the Pandora papers is that it is another sign that the NEP has skewed wealth creation towards an elite group within society. Since the formulation of the NEP, economic regulation has focused on redistributing wealth, rather than creating it. This was well hidden during the high GDP growth years but has become much more apparent during the slower growth rates of the last decade.
The RM12 target offers no improvement in the GINI index. While mean monthly income has increased from 2016 to 2019, the overall GINI coefficient has actually increased from 0.399 to 0.407 pointing to a widening of income inequality (RM12, p.189). This is at a time where Malaysia’s GINI ranking is at the top of Asian inequality.
The issue that needs to be addressed is that the B20, or bottom 20% of income earners, share comes to only 5.9% of the national income, while the T10, or top 10% of income earners, share is 30.7% of national income. The RM12 will do nothing to reverse this situation.
Continue reading HERE!
Blackie #poem by Jan Sand
“My wife’s three legged cat moves strange.
He hops about in rabbit fashion
Modifying hunting passion
In a very microcosmic range.”
Continue reading HERE!
Shootin the bad guys by Patrick McWade
For more ‘Then, Again’ HERE!
For more Ovi Cartoons, HERE!
Ghostin’ 21#20 #cartoon by Thanos Kalamidas
For more Ghostin’ HERE!
For more Ovi Cartoons, HERE!
Ovi magazine
We cover every issue
No comments:
Post a Comment