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Panel 2.3-IDEAS-Wan-Saiful

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  • 1. GE13 and theEconomyWan Saiful Wan Janwww.IDEAS.org.my
  • 2. About IDEAS• Independent cross-partisan think tank• Four principles: Rule of law, limitedgovernment, free markets, individual libertyand responsibility• 100% funding from donations, grants, andproject funding. None directly fromgovernment
  • 3. This presentationwww.IDEAS.org.my• What are the NEM promises?• What does BN want to do post GE13?• What does PR want to do post GE13?• Economy post GE13
  • 4. Current policies: the NEMwww.IDEAS.org.my•Make Malaysia a high income, inclusive andsustainable nation•Private sector to become our engine of growth.•Remove the distributive and entitlement cultureand rentier behaviour
  • 5. BN’s GE13 manifesto (1)Maintains and perpetuates entitlement culture– BR1M up to RM1200 over 5 years– Book vouchers (for everyone)– Schooling Aid (for everyone)– Subsidised / price control retail items, retail outlets,housing, daycare centres, etcwww.IDEAS.org.my
  • 6. BN’s GE13 manifesto (2)Further embed intervention in private sector• Building 1 million affordable homes• Greater social engineering roles for GLCs– Produce 1Malaysia products– Outsource to Bumiputra businesses– Ethnic-based HR policies• Minimum wagewww.IDEAS.org.my
  • 7. The Malaysian Economic Agenda(PR, 2008)• Review affirmative action• Remove protectionism• Capitalise on globalisation• Increase income per capita• Ensure competition• Devolve fiscal policy• Identify “mission-critical” sectorswww.IDEAS.org.my
  • 8. PR’s GE13 manifesto (1)Also maintains entitlement culture• RM1000 for above 60s• Increase government contribution to LTAT to20% to help increase soldiers’ pension fund• Non-pensionable soldiers get RM2000 peryear• Control prices of petrol, electricity and water• Husbands to pay RM10-RM100 to a fund forwiveswww.IDEAS.org.my
  • 9. PR’s GE13 manifesto (2)Also intervene in the economy & private sector• Dictate % of women in management posts andabove• Interfere with the prices of– Petrol and diesel– Electricity– WaterBut not many promises listed on thiswww.IDEAS.org.my
  • 10. Our economy post GE13• The spirit behind both manifestos are thesame : “buy the votes and use the privatesector when we can”• Both sides are ignoring their own “bigger”policy framework• So, whoever wins, the private sector mayplay a bigger role, but still within aframework dictated by political imperatives.www.IDEAS.org.my
  • 11. Thank youwww.IDEAS.org.my