Nazir Razak’s defence of FDI performance doubtful
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- Category: Contributors
- Posted by Pak Sako
In any case, the net FDI figure, if that is what is referred to by Nazir, is not the issue (it is the FDI inflow that is). The net FDI figure can be zero even for an economically robust country which has a high FDI inflow ...
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It is clear from the wordings of Article 153(1) that the drafters of the federal constitution did not envisage that a system where ‘apartheid’-type policies employed against the minorities would be the order of the day.
The current implementation of Article 153 has resulted in reverse discrimination – with Malay domination in the public sector, and unlawful discrimination against non-Malays in education, GLCs, procurement and local authorities.
The intellectual elites are mostly co-opted within the power structures pay-rolled by the ruling powers of the day. It may be that a particular regime may favour a specific institution elevating it to a think tank......