Sustainable Fiscal Position for Malaysia: A Proposal for Reform
Azura Othman, "Sustainable Fiscal Position for Malaysia: A Proposal for Reform "
English | ISBN: 3110587793 | 2021 | 200 pages | PDF | 1267 KB
English | ISBN: 3110587793 | 2021 | 200 pages | PDF | 1267 KB
The financial crisis of the last decade has brought to the fore many discourses on the stability of the financial system under the current interest rate regime and whether issuing more debts, that create further divergence between the financial and real sector of the economy, is a sustainable solution to the ensuing debt crisis that followed. Invigorating
economic development may need more than just achieving mere growth in GDP numbers and other mainstream macroeconomic key performance indices. Social equity, environmental conservation, inclusive development, and equitable income distribution are concepts that are increasingly given more weight in the measurement of economic development. The onset of the pandemic of the current decade has further emphasized the importance of these considerations as well as the concept of sharing of risks and return.
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