Behold the new world with ‘economic gardening’


AmBank's Anthony Dass: The fundamental principle behind the EG approach is to build a business base from the “inside-out”. It is done by providing local businesses with a customised market analysis that includes industry, customers and competitive data.

THE Covid-19 pandemic has imposed economic and broader development challenges as never before.

Job losses, reduced income and lack of access to social protection have pushed many back into difficulties, with the consequence of rising inequality.

To avoid the devastating consequences of such shocks in the future, policymakers need fresh thinking and strategies to improve the resilience of economies, that is, the ability to absorb various shocks and adapt to changes and prevent systemic breakdowns.

Rather than looking back, policymakers should start anew. Instead of turning on the old “doomsday machine” that churns out respectable gross domestic product (GDP) growth figures but struggles during a crisis, they should now “build forward” towards a more resilient, inclusive, competitive and sustainable economy.

There is a need for “bold and radical” reforms.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

economy , EG , economic gardening , Anthony Dass , AmBank ,

   

Next In Business News

Curb appeal can enhance a home’s value
Beware of rental scams!
Divorce 101: How property is divided
Cautious tone expected for ringgit versus US dollar trading next week
U Mobile to reduce foreign majority shareholdings to 20%
MACC investigating Khazanah, PNB's unsuccessful investment
Another data centre job for Gamuda
SOBA judges, past winners share winning tips
Government and venture capital
Low volatility a remedy for the extremes?

Others Also Read