Friday, 19 June 2009

Has the centre of ecnomics powerhouse shifted??

10 years ago, when people starts talking the rise of the old power of China, everyone will shrugged with this possibility. Closed econ compounded with communist at the helm of the country, who might have thought they will in fact be the financier, of which, the western economy relying on as of today.

Mr Soros in his speech last year mentioned this century belongs to Asia. But wait folks, we should indeed play our role to make this a reality. Cliche of Asia, hardworking, persistence and emphasis on education, not to forget, high saving rate.

We have the means at the moment to make this a reality, we have enough talent pool, people confidence are high, and we have 2 econ superpowers (China and Japan) to anchor us thru this millenia.

Being a Malaysian, I always believe that Malaysia are blessed with natural resources, great mox of people and political stability (although you may argue that is not the case now). But in recent years, the country had experienced brain drain when their well trained manpower starts leaving the country in search of greener pasteur.

But I believe, this will not be long,as this people will eventually return to the homeland and serve the country that we love so much.

Maybe the wheel is turning, and once again, Asia will become the envy of the whole world.

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