Malaysia’s relatively high population growth rate will see the country remain comparatively young over the next two decades but economic growth is not expected to keep pace with population expansion, according to a report by Bank of America Merril Lynch.
Putting us in the same category as Philippines, India and Indonesia for getting younger but poorer is not a cause to celebrate.
PM Najib's economic policy has failed to outline specific and concrete steps to help revitalise the economy, create more jobs and to help enhance the salary level of employees.
The prime minister had announced some lofty targets in his newly launched 10th Malaysia Plan but it lacked the necessary mechanism and strategy to help achieve these targets.
On the NEP, his government has failed to its plan to review the policy which has failed so many Bumiputeras in the last 40 years. It is not good enough to continue with the affirmative policy if the actual target group, those who are poor and under capacity, are being helped to move up the society's ladder.
The government must be serious enough to rectify the weaknesses in the system. Otherwise, the prediction by Merril Lynch will become a reality.
It is time for politicians to understand that the mandate to rule and govern must come with full responsibility and accountability.
From now onwards, the government needs to scrutinize its own plans, action and behaviour to ensure that the people are not being victimised for their government's follies.
If not, Malaysians should choose between real change or poverty.