Too many dreams .... A big question ...Is Malaysia still exist in 2050 ?...
Malaysia's Economy To Surge To US$1.16 Trillion In 2050
KUALA LUMPUR, Jan 11 (Bernama) -- The size of Malaysia's economy will surge to US$1.16 trillion (US$1=RM3.04) within the next four decades, making it among the top 30 economies in the world in 2050.
According to World Bank, Malaysia's gross domestic product (GDP) as of 2009 was about US$193.09 billion.
"In 2050, Malaysia, with a population of 40 million then and per capita income of US$29,247, will be at 20th spot, escalating by 17 ranks," said HSBC Global Research in its report, "The World in 2050: Quantifying the shift in the global economy".
It said the collective size of the economies, currently deemed 'emerging', including Malaysia, would have increased five-fold and be larger than the developed world by 2050.
HSBC said based on its analysis of the Top 30 economies ranked by size of GDP in 2050, 19 of them would be countries that were currently described as emerging, including Malaysia.
It said Malaysia, along with Mexico, Turkey, Indonesia, Egypt, Thailand, Colombia and Venezuela, were listed as the emerging economies that would experience substantial progress up the global league table.
"These projections combine prospects for per capita GDP and the demographic outlook," it said.
HSBC said Malaysia, Thailand and Indonesia demonstrated rapid rates of growth and as the education and policy systems developed, these were likely to be sustained over the forecast horizon.
"Malaysia will see strong growth in its workforce, growing by over 35 per cent in the same time frame.
"The nation is also listed among the economies that have good foundations in that the education levels, rule of law and monetary stability," it said.
Meanwhile, HSBC said the US and UK, with better demographic outlooks, were relatively successful at maintaining their positions.
However, the small population, ageing and rich economies in Europe were the big losers, it said.
"Switzerland and the Netherlands slip down the grid significantly, and Sweden, Belgium, Austria, Norway and Denmark drop out of our Top 30 altogether," it said.
Woow ... lama banget, padahal negara lain seperti China, India, Indonesia, Brazil. Mexico akan masuk Top 10 paling lambat tahun 2030 ...
Jangan-jangan pada tahun 2050 .... Si anak hilang karena korban penjajahan yaitu Sabah dan Sarawak sudah bergabung kembali kepada induknya .. sang penguasa Nusantara - Indonesia ...
With Asia stepping into the forefront of the economy, Indonesia is poised to be the next big thing after China and India. Can Malaysia shed its old prejudices and play ball with the new “big boys” of the world?
AS Europe and North America continue to flounder economically, Asia is experiencing an unprecedented wave of prosperity. Forbes’ magazine’s Annual List of Billionaires underlines a startling increase in the number of Indian, Chinese and now, Indonesian names, reshaping the global ‘wealth’ map.
This is an historic opportunity for us in Malaysia. Can we harness the exuberance and economic dynamism of Mumbai, Shanghai and indeed Jakarta to help drive our nation’s future growth? Can we attract investments from these three giants?
However, there are socio-political pitfalls facing this economic challenge. On the one hand, our famed diversity should be our greatest strength.
Sadly, the fragility of Malaysia’s race relations means that we’re unable to harness this as well as we should.
These complications will continue to hamper our ability to leverage off China and India’s growth in moving forward.
Indeed, Chinese investment in both Singapore and Indonesia far outstrips FDI into Malaysia.
Indonesia presents a different set of sensitivities.
Bilateral relations are complicated by our very proximity.
At the same time, the presence of a large Indonesian community within Malaysia (estimated at between 2-3 million both documented and undocumented) means that there is a constant stream of real life and often harrowing tragedies that unsettle the even keel of bilateral relations.
However, if we can manage these difficulties Malaysia stands to gain and the potential is stupendous.
Furthermore given the intertwined geography, this growth story can impact the entire nation from Kota Kinabalu, Kuching to Malacca and Penang.
Indonesia represents a test-case: can we re-tool quickly enough to capture inward investment from our largest neighbour?
Will our civil service and security apparatus be able to adjust to the dealing with wealthy middle class Indonesians buying homes and investing in Malaysia?
Having hosted millions of unskilled workers for decades, can we cope with an influx of articulate and confident middle-class Indonesians – many of who have become emboldened by their Republic’s post reformasi-era’s openness? Are we capable of overcoming our prejudices?
Indonesia’s leading businessmen are a tough-minded crew. The Republic is not a place for wimps or those expecting handouts.
The commercial environment is brutally competitive and often confusingly opaque.
A glance through Forbes’ Indonesian edition with its list of Republic’s 40 richest tycoons reveals a diverse mix of men and women with interests ranging from natural resource extraction to those dealing with the vast 230-million strong consumer market.
Moreover a booming stock market has led to a 70% increase (since 2009) in the combined wealth of the business figures included on the Forbes List.
Indeed the 40 names are worth more than US$70bil (RM220bil) – a third of Malaysia’s economy.
The list of super-rich is also a timely reminder to those who think that Indonesians are merely palm oil plantation workers, construction labourers and household servants. The list reinforces the economic energy and diversity of the archipelagic republic.
With billions in hand, many of these tycoons (especially those who also own newspapers and/or TV stations) wield considerable power and influence. Many are “players”.
Indonesia’s richest man is Budi Hartono, the co-owner and CEO of the kretek manufacturer, Djarum Group. The rich but reclusive tycoon owns a highly diversified business empire that includes the ubiquitous bank, BCA and the enormous iconic property development, Grand Indonesia.
Together with his brother, Michael, they have seen their assets shoot up by 55% to more than US$11bil (RM34.6bil) in 2010.
Budi Hartono’s low-key manner is contrasted with the renowned property developer, Pak Ciputra or “Pak Ci” as he is fondly known.
With 40 years experience of developing successful townships, housing-estates and recreational centres across the wide archipelago – he has built projects across South-East Asia but not in Malaysia: a glaring omission.
There also younger names on the Forbes’ list including the personable and handsome, Sandiago Uno, co-founder of Saratoga Capital, one of the largest Indonesia-focused private equity firms with interests from infrastructure to coal.
At the same time everywhere I’ve visited in Indonesia – from Padang to Surabaya, Balikpapan and Makassar, local businessmen (part of the 30-million strong middle class) have responded enthusiastically about Malaysia as a destination for FDI – whether large or small.
We need to figure out a way bringing Indonesian growth to our shores. The economic and government transformation programs, ETP and GTP must appeal to foreign investors, especially the new giants.
As it is, Malaysians build some of the best highways, homes, hospitals, hotels and retail centres in Asia. Now we need to ensure that the “Truly Asia” slogan works as a real welcome for all our Asian neighbours.
As I’ve said before-Indonesia represents a test case for Malaysia. If we are able to “do business unusually” – then we are gamed to play with the “new big boys”.
the existence of Malaysia because of the efficiency quality hardworking malaysian chinese, but the malays put this country backward , untill now the malay leaders refuse to show how much taxpayers money contribution based on races because they know that malaysian chinese are the one who develop this country to what it is..
In UK, the Chinese community is respectable and on par with the white English, but the malay community there is in the bottom of the social hierarchy class even lower than Bangladesh and Pakistanis, Malay is lazy, put them anywhere through out the world they ain't survive, believe me..
And how does the hardworking chinese that has built their competitive edge over malays centred on triads, loan sharking, gambling dens, cartels and oligopolistic business practices intend to realise the potential for malaysia moving forward?
Will the hardworking chinese stop land grabbing under TOL?
Will the hardworking chinese stop hypocritically bashing ytl's subsidies but at the same time squeeze every last drop of subsidised industrial gas for their factories?
Will the hardworking chinese stop corrupting the establishment and instead play fairly in the business environment?
Will the hardworking chinese cease the practise of gobbling government grants that were meant for the development of deserving malaysians with bone fide intentions to do business?
Will the hardworking cease the practice of tax evasion on the import-export trades?
IS the chinese ready to go on the global front? Or will the chinese continue to cower under the protection of the backward malays' protectionism?
And how does the hardworking chinese that has built their competitive edge over malays centred on tr ...
kabukiman Post at 13-1-2011 23:18
And how does the hardworking chinese that has built their competitive edge over malays centred on triads, loan sharking, gambling dens, cartels and oligopolistic business practices intend to realise the potential for malaysia moving forward?
we help our own community,rather than you malays traitor to your own kind and now put the blame all of your failure to the chinese,loan sharks?a huge demand from malays(we are helping those debt ridden Malays when your greed leaders are helping themselves to get rich), gambling cartels- is'nt you malays love to gamble everything, gamble this nation with your incompetency in everything,oligopolistic?because you malay are so damn stup*d do not know how to take opportunity,not well educated to face globalization,and to scare to compete with us.
IS the chinese ready to go on the global front? Or will the chinese continue to cower under the protection of the backward malays' protectionism
we already global,how bout you? we no need those affirmative action because we are competitive than you in everything(even at university),you dont realised this country is the only ONE nation in the world that have affirmative action to protect those lazy useless MAJORITY, you are majority but why you need a protection,yet you malay leaders love to promised the darndest thing to all of you, and some of you believe it
Will the hardworking chinese cease the practise of gobbling government grants that were meant for the development of deserving malaysians with bone fide intentions to do business?
ask your f*cking leaders,what the hell they are doing all this while?
Will the hardworking chinese stop corrupting the establishment and instead play fairly in the business environment?
we tried to play fair, but your leaders civil servants always ask for bribe for everything(eventhough it is prohibited in Islam), it's nuisance to our business
Will the hardworking cease the practice of tax evasion on the import-export trades?
yet we are the one who paid the most,anyhow the corruption committed by malays are imminent and the loss is unbearable
Post time 12-1-2011 06:16 PM
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