"“Some of the statements in the book would also make uncomfortable reading both for those in power and in the political opposition,” says one reviewer. Now a bestseller, Muhammad’s book takes on many common perceptions about the question of inequality and related policies like the New Economic Policy. But the real strength and contribution of the book is in the new research as well as an insistence to think more deeply about inequality beyond income."
Wednesday, February 25, 2015
Tuesday, February 24, 2015
Wednesday, February 4, 2015
Slightly more than four decades ago, two academics from University Kebangsaan Malaysia published a paper on the savings rate in Peninsular Malaysia. Drawing from Department of Statistics (DOS) 1957 Household Budget Survey - the last survey undertaken by the colonial government, they found out that on average, Malaysian households saved about $19.47 per month, which translated to a savings rate of nearly 10% of monthly income. Interestingly, they also found out that urban households saved more - 11% of income compared to rural households (8%), and Malay households had a higher propensity to save compared to other groups - on average, Malay households saved 13% of their monthly income compared to 8% in the case of Chinese households.