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Category: Malaysia

The analysis published under this category are as follows.

Economics

Wednesday, April 25, 2018

Is the Malaysian Economy a Potemkin Village / Economics / Malaysia

By: Sam_Chee_Kong

Before we go on let's define what do you mean by Potemkin Village. As per Wikipedia definition,

“ In politics and economics, a Potemkin village (also Potyomkin village, derived from the Russian: потёмкинские деревни, Russian pronunciation: [pɐˈtʲɵmkʲɪnskʲɪɪ dʲɪˈrʲɛvnʲɪ] potyomkinskiye derevni) is any construction (literal or figurative) built solely to deceive others into thinking that a situation is better than it really is. The term comes from stories of a fake portable village built solely to impress Empress Catherine II by her former lover Grigory Potemkin during her journey to Crimea in 1787.”

To determine whether Malaysia's economy is really a potemkin village I will bring do a study bases
on the economic data for the past 10 years. I will look into the growth of GDP, money supply, corruption
index, inflation and other indicators as well.

Read full article... Read full article...