Mobilise Malaysian investment in times of crisis, says Khazanah Research Institute economist | Malay Mail

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Mobilise Malaysian investment in times of crisis, says Khazanah Research Institute economist

Thursday, 10 Dec 2020 08:38 PM MYT

“The foreign direct investment is not going to save us especially this time. We have to think primarily in terms of Malaysians investing for Malaysia going forward and to think about the real economy, rather than financial indicators,” said Khazanah Research Institute research adviser Professor Jomo Kwame Sundaram in an online forum entitled “12MP: A Conversation with Datuk Seri Mustapa Mohamed” today.

“We also need to think very seriously, in particular, about food and to link the whole question of food security to nutrition. Too many Malaysians are suffering from malnutrition because they don’t get enough vitamins, minerals, and are eating the wrong things. By using the healthy life expectancy indicator or HALE, the report said an average person’s healthy life expectancy in 2019 was 65.5 years.“We should use this disruption which has taken place to rethink our priorities and to rethink how to revive the economy.

“Among the effects of higher FDIs is a more controlled utilisation of foreign labour via more market-oriented levy system with incentives and better education system.”

 

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