Policy Briefs

Gross Domestic Product 2021

Gross Domestic Product 2021

Labour Market 2021

Labour Market 2021

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Policy Briefs

Policy Brief 10

15 September 2021

Dr Nungsari Radhi observes that indicators such as the median household income, monthly salaries and the incidence of poverty fell significantly in 2020. In view of these figures, he suggests that it is misguided to pursue economic growth as a target. Rather, social well-being should be the policy objective. He proposes that the post-pandemic policy emphasis should be on the protection of social well-being – not on accounting growth and construction and contractor-driven development.

Policy Brief 9

15 June 2021

Tan Sri Andrew Sheng observes that the world is being affected by major shifts in digitization, technological innovation, education and reskilling, and revolutions in monetary and financial policies. He argues that in a post-pandemic world it will be necessary to think about economics as a complete system that comprises meta-economics (the philosophy of economic theory), macro-economics, micro-economics and meso-economics (the institutional framework that links the micro with the macro). He emphasizes that we must re-tool our thinking given the complex environment and escalating risks.