Panel 2.3-IDEAS-Wan-Saiful

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Panel 2.3-IDEAS-Wan-Saiful

  1. 1. GE13 and theEconomyWan Saiful Wan Janwww.IDEAS.org.my
  2. 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. 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. 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. 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. 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. 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. 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. 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. 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. 11. Thank youwww.IDEAS.org.my

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