Highlights: The Morality of Economic Liberalisation
Written by Rachel Cho Suet Li & Esther Siah, University of Nottingham On the 31st of March 2011, the Youth Economics Society organized a talk by IDEAS (Institute for Democracy and Economic Affairs). The 1st talk was entitled ‘Greed is good, competition is even better’, by Dr.Ong Kian Ming. After that, Dr. Omar Altalib took over by presenting a talk on ‘The Morality of Economic Liberalisation’. It was overall a very enlightening and a great opportunity to attend a public lecture conducted by these 2 inspiring speakers. Dr. Omar Altalib began his talk by comically asking his audience a few questions on the freedom to make choices, and how this determines morality. As I can…
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IDEAS : “Greed is Good, Competition is Better”
Written by Muhammad Matin, University of Nottingham Dr Ong Kian Ming & Dr Omar Dr. Ong Kian Ming along with Dr. Omar Altalib visited the University of Nottingham, Malaysia Campus on the 31st of March for a talk on economic reform in an event organized by the Youth Economic Society (YES). During a brief talk aptly titled “Greed is good, Competition is better”, Dr. Ong (after a brief introduction to the IDEAS organization and his involvement in it), attempted to communicate his opinions, theories and of course, ideas, on the matter to a captive audience. Dr. Ong opened with a simple question, “What is greed?”. As any business/economics student would know, down at its core…
The Global Economic Recovery : Prospects and Challenges
Written by Umamah Amirah Ali, University of Nottingham The recent global recession has brought a great impact towards the entire nation. Malaysia, as well as many other countries around the globe is still battling with the challenges in recovering the economic condition of the nation. Late last year, on December 6th 2010, a group of students from the Youth Economic Society, University of Nottingham, Malaysia Campus attended a forum discussing on the topic mentioned above – The Global Economic Recovery: Prospects and Challenges. Approximately 30 students from various backgrounds of studies went all the way from our campus in Semenyih to attend the forum which was held at the Auditorium Securities Commission in Kuala Lumpur….
Understanding the Middle Income Trap in Economic Development : The Case of Malaysia
Written by Ashvinder Singh, University of Nottingham NOTHING MORE derails an emerging nation’s ambition for development than being stuck in a middle-income trap. Latin America, in particular. Argentina, is a textbook example of this case. Having had a development level of 80% of America’s GDP in 1962, the country has experienced a tremendous drop in development to only around 30% in 2006. Western Europe (France, Germany, Italy, Sweden, UK), on the other hand, has maintained that level at 70% (on average) throughout the 40 year period. Much debate is ongoing as to the causes of Malaysia’s middle-income trap, if there is one at all. Professor Woo, a Malaysian by birth, offers his views on this matter….