Michael Aw

Michael Aw

  • Joined: July 11, 2020
  • Articles: 564

Reshaping Malaysia’s Future of Work – Gearing Up Social Mobility

On 26 August 2022, REFSA, IRDP and IDEAS co-hosted a roundtable on youth employment. Titled “Reshaping Malaysia’s Future of Work – Gearing Up Social Mobility”, the event brought together over 20 local thought leaders from diverse backgrounds, including academicians, public policy researchers and students. Taking the form of an open discussion, the 2.5-hour roundtable focused on the current trends of the Malaysian labour market, the key challenges that employers and jobseekers face and policy recommendations to address these issues.

Infographics – Deconstructing Economic Indicators: GDP

Today, GDP plays an important part as an economic indicator in our society, central to policymaking and national planning. But what does GDP really mean, and in what ways is it flawed as a metric of development? Read on for a condensed breakdown of our researcher Jaideep Singh's latest work, "REFSA NOTES #8/2022: Deconstructing Economic Indicators: GDP".

REFSA Notes #8/2022: Deconstructing Economic Indicators: Gross Domestic Product (GDP)

GDP is, at its essence, the total value of a country’s production in a given year. The indicators derived from it, such as GDP growth and GDP per capita, are often used as KPIs or major policy objectives. Almost everyone has heard of these three little letters. But what is often forgotten is that GDP is an estimate based on a system of accounting, not a fact of nature. As a result, there are numerous misconceptions about the role of GDP. This note aims to clear the confusion by explaining what GDP is and what it is not.

Wanted: Policies, Not Personalities

Are Malaysians paid fairly for the work they do? That is the question many Malaysians are asking after an article on World of Buzz highlighted the large wage disparity between Malaysia and Singapore. While there are many factors such as cost of living that might have been a factor here, there are other granular reasons that also play a role in enlarging the gap. We speak to Tan E-Hun from REFSA to understand the causes behind this wage disparity.
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