Posted by ks55 > 2 months ago | Report Abuse

Generally Malaysian economy is doing fine. Go to high end and medium range restaurant, you will have to wait outside to get seated. Certain restaurants even limit dinning time to be 30 minutes or so.

For the lower income group, you will see hawker centres all full. This reflects the willingness (and affordability) to spend. Some researchers just put up figures out from imaginary while sitting in their air-cond office.

Posted by EngineeringProfit > 2 months ago | Report Abuse

yes. The situation surrounding Malaysia's economic growth and its disconnect from the public's lived experience can be likened to the critiques surrounding public-funded research initiatives, such as those led by Professor Kangkung. Despite the production of numerous research papers, these efforts often fail to translate into tangible benefits for the rakyat, particularly in areas like healthcare, economic welfare, and overall quality of life.

Posted by EngineeringProfit > 2 months ago | Report Abuse

Just as Professor Kangkung’s research may produce a plethora of papers with little practical application, Malaysia's economic indicators—such as GDP growth and foreign direct investment—do not necessarily reflect improvements in daily life for the average citizen. The emphasis on impressive statistics can obscure the pressing issues of wage stagnation and rising living costs, which directly impact people's purchasing power and quality of life.

Posted by EngineeringProfit > 2 months ago | Report Abuse

Publicly funded research often struggles with prioritization and practical relevance. For instance, funds may be allocated to projects that yield extensive academic output but fail to address immediate societal needs, similar to how large corporations may reap benefits from economic growth while allocating profits primarily to management. As highlighted in discussions about economic inequality, this discrepancy further alienates the public from feeling the benefits of growth .

Posted by EngineeringProfit > 2 months ago | Report Abuse

Real-Life Implications: In healthcare, despite substantial public investment in research, the outcomes can be inadequate for improving the health conditions of the population. For example, research findings may not lead to accessible medical solutions for the rakyat, echoing the sentiments of citizens who feel that the data does not reflect their realities. Studies have shown that economic metrics often fail to capture the nuances of individual experiences, leading to a disconnect between reported growth and actual well-being .

Posted by EngineeringProfit > 2 months ago | Report Abuse

Similar to how consumers might not recognize the value of academic papers when their immediate needs are unmet, people are less likely to appreciate economic growth when their incomes stagnate and living costs rise. The emphasis on consumer behavior shifts, such as opting for lower-priced alternatives, highlights a broader trend of dissatisfaction that undermines perceived economic progress .