ECONOMY OF TOMORROW
The world beyond 2020 will usher in a post COVID-19 era, seeing new disruptive forces that changes the patterns of economic distribution. Foremost amongst these trends is the importance of the knowledge and digital economy over other traditional sectors. This has wide-ranging ramifications on skills-in-demand, how we consume, and the future of work itself. The potential for uneven distribution of growth is compounded by the fact that global economic recovery since the COVID-19 pandemic will leave many working people behind.
- Jobs and Wages
- Regional Integration
A comparison of stimulus packages between Malaysia, Singapore and the UK was done in this paper. Malaysia package should focus on companies and preservation of employment as per Singapore and UK packages.
Malaysia urgently needs to reassess its classification of income groups to ensure policies are relevant and targeted appropriately. A B20, M60, T20 rather than a B40, M40, T20 classification reflects the population demographic and aspirations more accurately, thereby streamlining welfare expenditures without compromising the wellbeing of the worst-off in Malaysian society…