COLUMNIST
on a “ cheap-labour ” strategy , but rather on quality manufacturing which could leverage on the availability of skilled professionals and workers . This includes not only manufacturing in strict sense but also the development of advanced agriculture hubs .
A tax reform centred on : Lower income and corporate tax . A targeted GST . A strengthened enforcement system .
“ These points demonstrate that we can build a recovery strategy without further increasing government spending ”, Dr Ferlito added . “ A debtdriven recovery strategy is not sustainable in the long-run , as it will create inflation and force future governments to increase taxation , diminishing the strength of the Malaysian economy and creating a vitious circle of brain drain ”, Dr Carmelo Ferlito concluded .
Property360Digest e-magazine Issue # 7 - 2020
For media enquiries : T : + 60-192394148
Email : carmelo . ferlito @ gmail . com
centerformarketeducation @ gmail . com
Dr . Carmelo Ferlito is the CEO of SME - The Center for Market Education ( CME ) is a boutique think-tank based in Kuala Lumpur , Malaysia .
As an academic and educational institution , CME aims to promote a more pluralistic and multidisciplinary approach to economics and to spread the knowledge of a sounder economics , grounded in the understanding of market forces .
In order to do so , CME is not only involved in |
academic |
initiatives , |
but |
it |
organizes |
seminars , |
webinars |
and |
|
tailor-made |
economics classes for students , journalists , |
businesspeople and professionals who wish |
to |
better |
understand |
the |
relevance |
of |
economics for their daily lives and activities . |
Economics matters and needs to be presented in a fashion in which the link with reality is clearly visible . In this sense , we look not only at theoretical economics but also at policy making , with an emphasis on the unintended consequences generated by political actions .
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