New CEPR website Post author By Kevin O’Rourke Post date July 27, 2013 The CEPR has a new website accessible here. Categories In Economics, European economy 6 Comments on New CEPR website ← Ireland’s (and Britain’s, and Italy’s…) long recession → Writers on the Irish Crisis 6 replies on “New CEPR website” nice new page, but it doesn’t solve their problem of one way only communication, just as with their voxeu.org outlet, which shamelessly claims that these 0.01% would in any way, shape or form represent Europe. I found this link in principle interesting, at first, by title http://www.voxeu.org/article/how-avoid-middle-income-traps-evidence-malaysia which claims, at closer look, just like that Insead Fatas “Great Wall”, something that simply doesn’t exist, if you can do data analysis. At closer look you see the usual regurgitation of the same stereotypes “They are faced with new challenges, including social cohesion, a large pool of young people in search of jobs, as well as millions who still live in misery and poverty, particularly in lagging regions.” Since when is this “new” ? „Policymakers should promote entrepreneurship and innovation“. Uuugh, who would have thought of that Where to comment? CEPR and VoxEU represent just the academia sandbox type of economists, rich on opinion, short on facts and understanding. Preaching, and not listening Malaysia is, in a certain way a pretty unique example, sandwiched between Singapore and a very illustrous other environment, to say it nicely. With lots of potential religious and ethnic conflict. But they have found some pretty unique and intelligent ways to deal with that, so far. They didnt succumb to the IMF and the Soros hordes, and provide a pretty interesting investment fund, for Malay only : – ) Could be seen as racist, favoring the Malay over the dominating chinese, (indian) whitey rulers, but is a very intelligent piece of „afirmative action“ in my view. And then I look again at the Vox/CEPR piece, and I see just the usual mumbo/jumbo. Garbage Troll all alert. Frankeen trolling again..dnftt @Francis : schraube dich zurück @ Dorothy Jones Would that translation be “screw off”? Because, I for one like to get different opinions, and I certainly get opinions opposite to my own on this site without resorting to this kind of stiff, so would you please temper the language or do you feel so superior as to address people in these terms? @Robert Browne Apologies; that is the literal translation. It just means calm down. Regards Dorothy @ francis There are very few places without a challenge. Malaysia has replaced reliance on rubber and tin with crude oil, gas and palm oil. The services sector could be developed but international comparisons merit caution as foreign-owned high tech firms in a country may have most of its payroll in administration and the revenue data may not be reliable. Spare a thought for South Korea, an Asian economy that escaped the middle income trap. The chaebol corporate giants such as Samsung, are world class competitive companies, but they have been cutting domestic jobs for more than a decade while there has been no real wage growth. The development of the service sector and SMEs is crucial for the country’s long-term growth because they account for 90% of South Korean jobs. But the country’s service sector suffers from low productivity with levels at only 40% of the manufacturing sector. High housing costs and a costly education ‘arms race’ has brought forward ageing, and has pushed up household debt to 160% of GDP. Almost a third of the private sector workforce are temporary workers. Comments are closed.