Investments In The Fundamentals Of The Economy

My dear colleagues,

During the 1990s, we have had many mega projects pursued. If you all can still remember, during thoise years, we have KLCC and KL Tower built, we have Sepang International Circuit started, and few others. During then, the philosophy was these mega projects will create economic spillover to other sectors of the economy. Well, how true it is in the short term. 

My friends,
If there is one thing that we can surely learn from the subprime crisis in the U.S, it must be - Sustainability. The word sustainability has gained loads of attention after the crisis to teach us how important it is for any fund to be invested for the purpose of mutual benefit that can be benificial to the human beings. In other words, investment should be seen from a longer term perspectives and be made in an ethical way. We've seen how Wal Mart got into trouble in Mexico when alleged bribing the Mexican Government officials and mess up their internal audit mechanism.

From a government persepctive to develop this nation, I believe that investment in mega projects should be stop or at least be made more selective. Mega project invesment will create false economic bubble and when this bubble burst, many people will suffer financially. I believe that more investment should be made in the fundamentals of the conomy as it is more sustain and will benefit the nation in the longer terms.

Dear kawan-kawan,
What are these economic fundamentals? Well, these fundamentals are our daily bread and butter, among others includes but not limited to, education, infrastructures, health, logistics and many more. These basic necessities are the pillars of any economy and investment in these areas will strenghten our economic sustainability during the hard times. Reliable workforce, good infrastructure, accesible logistical connections, an integrity and good governace and above all, proper planning at the federal level will ensure more genuine investment to the country.

Another thing which I might wany to add is the flexibility of our Act pertaining to our job market. Rules and regulations pertaining to employment is one of the weightage considered by multinational or transnational companies when deciding where to invest. A loose and flexible empoyment Act will ensure good performance evaluation and will promote creativity and enhance capable individuals. A stiff and inflexible employment regulations will tie company's hand to promote and demote employees.

These are the fundamentals which are required from a country mo matter what industries are you pursuing whether the new source of wealth in those industrial areas (renewable energies etc.) or the traditional ones.