Posted in Economics on May 24th, 2011 No Comments »
Subsidy reduction will allow market forces to allocate resources more efficiently. Prime Minister Najib Razak was reported saying so recently to justify his administration’s commitment to subsidy reduction in the long run. By doing so, the Najib administration claims to be an advocate of free market. A claim that is not necessarily true, however. At best, that [...]
Posted in Economics, Fiction on July 19th, 2010 2 Comments »
It begins with a good intention. Everybody deserves to consume fantastical juice. After all, everything is made out of it. It would be a grave injustice to limit its consumption only to those who can afford it. Invested with executive power, a group of individuals with only the interest of the public at heart intends [...]
Posted in Economics on December 24th, 2009 No Comments »
On December 7 in the Parliament, based on the Hansard, Deputy Minister for International Trade and Industry Jacob Dungau Sagan was asked whether the government intends to abolish a policy that grants exclusive permits for imports to limited entities and effectively, the granting of monopoly power to several companies over certain commodities such as sugar [...]
Posted in Society on July 11th, 2009 5 Comments »
We live in a world full of inequality in terms of rights and opportunities. For those who care, it is only natural for them to address it and one of the tools available to correct the inequality is affirmative action. While the tool can be useful at creating an egalitarian society, it is imperative for [...]
Posted in Economics, Environment on September 30th, 2007 1 Comment »
One of the main themes of the ongoing United Nations General Assembly is climate change but it is clear that the issue is receiving token attention and nothing more. The real debate on climate change is occurring outside of the four walls of the United Nations and it revolves around the effectiveness of two economic [...]