Boundaries, Rules, Interests and Goal of Nation-building
03 July 2019
AFTER 30 years in the public policy arena, I have concluded that the burning problems afflicting global communities, including those in Malaysia, have really nothing to do with better policy making per se. Making a better “mousetrap” (or handphone) works for companies but countries are infinitely more complex. If this were not the case, we…
The Frog That Boiled
09 June 2019
FOR decades, Malaysia’s racial-religious fault lines have been the playground of the politically privileged. And why not? They have been proven rallying points for the 60 years since Independence and greatly feared for the past 50. Those without the immunity of position or party affiliation can only shrug or suffer in seething silence. Some have…
Staying the course with Malaysia Baru
05 March 2019
FOLLOWING the 14th General Election last year, there were widespread — some would say, excessive — feelings of elation. It was as if a bone-crushing weight had been lifted and many expected the worst forms of misgovernance to be behind us. With a New Malaysia, the country was thought to have turned the corner and…
Long and Difficult Process
02 January 2019
WHAT a difference a year makes. Just 12 months ago, few Malaysians expected the political tsunami that swept the country. Many desperately wanted change but most were resigned to another term of crazy rich Asian money politics. Five months later, a new government was in place for the first time. Hopes were high that with…
Is The Ringgit Real?
28 August 2018
Article by Dato’ Steven Wong which appeared in New Straits Times, August 28, 2018 FOR the past 100 days, Malaysians have talked a lot about money. We have been shocked by how much has gone missing, how much we owe and how little we now have. We have seen plastic-wrapped mountains of the stuff being…
Making It Work for All
03 July 2018
Article by Dato’ Steven Wong which appeared in New Straits Times, 3 July 2018 IN many parts of the world, privatisation and its successor, public-private partnerships (PPP), have become dirty words. Rightly or wrongly, they are associated with opaque sweetheart deals, long concessions to make predatory profits and often with poor services to boot. The…
Confirmation Bias and The New Malaysia
31 May 2018
Article by Dato’ Steven Wong which appeared in New Straits Times, 29 May 2018 IF there is only one thing that we know about ourselves as humans, it is that we are mentally hardwired to hear what we want to hear. The saying that “opposites attract” is a nice sentiment, but, scientists have consistently found…
Is Trump’s Trade War Winnable?
06 March 2018
Article by Dato’ Steven Wong which appeared in New Straits Times, 6 March, 2018 WE live in interesting, if surreal, times. United States President Donald Trump recently stated that trade wars are good and easy to win, making some of us wonder whether we have somehow warped into a parallel universe. It is hard to…
Keeping Growth Momentum
02 January 2018
Article by Dato’ Steven Wong which appeared in New Straits Times, 2 January 2018 GLOBAL economic growth looks to be scaling to an eight-year high of 3.8 per cent or more in 2018, after a surprisingly strong 2017. Increasing manufacturing activity, investment, and, pleasingly, trade in the last 12 months have benefited a large swathe…
Stop politicising Malaysia-China relationship
31 October 2017
CHINA is an emerging economy unlike any other before it. No emerging economy has appeared on the world scene with the range and breadth of capabilities that China has developed, is developing and seeking to develop. Its list of mind-blowing achievements is so extensive that they have become almost humdrum. Not bad for a country…
IMF Forecasts Growth to Continue Into Next Year
01 August 2017
THE International Monetary Fund’s latest World Economic Outlook Update (July) sees the global pickup continuing for the rest of the year and next year. Mind you, at 3.5 and 3.6 per cent for this year and next, the numbers are not hugely bouncy. These days, however, just to see the sun peek through the clouds…
Embrace Automation
23 May 2017
MANY, if not most, workers in the world believe that globalisation and free trade hurt jobs and reduce incomes. It has not helped that great figures of authority, even intellectual giants, hold these views, some as a matter of ideology and others as a matter of perceived fact. The simple logic seems inescapable: more imports…
Can Change be Upsetting?
21 March 2017
ONE of the easiest words to roll off our tongues in any language is the word “change”. People talk about it all the time, especially when a country is in a bad way. In fact, the word “change” is so commonly used that it just does not sound grand enough for the glossy documents that…
Set Sights and Standards Higher
21 February 2017
In 2050, Malaysia will not be the same country. In the coming three decades, the forces of change and societal evolution will be at work, shaping and reshaping the country so that it emerges stronger and more dynamic. Both progress and regress are possible. We may live better than in 30 years or we may…
Scope for further drop in fiscal deficit
13 January 2017
KUALA LUMPUR: The government’s target of reducing the fiscal deficit further is possible as external conditions improve and tax revenue increases from stronger compliance, say economists and industry experts. Speaking at the Business Times’ post-budget roundtable dialogue, here, on Tuesday, they said after a bottoming out phase this year, positive indicators can be expected next…
Let Us Not Fall for 'Post-truth' Politics
03 January 2017
At the entrance of a respected university that I passed a few weeks ago, while on vacation, was a large signboard that said: “When we think we know everything, we think again”. Placed at the entrance of an institution of higher learning, this seemed an apt, if common sense enough reminder, to students and academics…
Manoeuvring Malaysia’s Societal Web
06 December 2016
Article by Dato’ Steven Wong which appeared in New Straits Times, December 6, 2016. Download
A Time for Caution
11 October 2016
Article by Dato’ Steven Wong which appeared in New Straits Times, October 11, 2016. Download
Respect is Appreciation for Others’ Morality, Humanity
30 August 2016
Article by Dato’ Steven Wong which appeared in New Straits Times, August 30, 2016. Download
Trust Deficits Hinder Economic Progress
12 July 2016
CREDIBILITY: Good governance, stakeholder engagement, anti-corruption efforts, transparency and competitive behaviour are necessary for trust in society LlKE millions of Malaysians, I receive dozens of emails every day claiming that I have inherited or won lotteries worth millions of dollars, been chosen as a business partner and will receive fat commissions for small upfront payments,…
Lessons from UK’s EU Referendum
28 June 2016
Article by Dato’ Steven Wong which appeared in New Straits Times, June 28, 2016. Download
Have Stronger Sanctions Against Dishonesty
10 May 2016
RELIGIOUS AND CULTURAL VALUES: No person or persons can or should be allowed to pervert the system AS if the country's reputation needed any more battering, media coverage of a female Malaysian student in Australia charged with allegedly spending millions from an erroneously-given bank overdraft made world headlines. This incident was just the latest to…
Are People Victims of Unintended Consequences?
19 April 2016
CUMULATIVE EFFECT: What started off as a good goal ended up detracting from social welfare? THE law of unintended consequences states that the actions of people, and especially of government, always have unanticipated or unintended effects. This is a subject that some might expect to find in populist discount bin books, but it is something…
Trapped by How We Think
16 February 2016
THERE is a popular Internet meme of half a human face that, as you look at it, constantly switches from frontal to side views. Essentially, the white spaces in the picture confuse our brains so that we can't make sense of what we are seeing. The tagline is, "life is all about how we see…
Be the Agent of Change You Want to See
05 January 2016
The New Year is a time when many of us make resolutions. These are basically promises to ourselves to place more focus and energy on things that would make us fitter, smarter, more positive, caring and all-round better people. Forget the cynics and naysayers who say that resolutions are futile and known more for being…
The Challenge of Carrying Out Good Economic Reforms
20 October 2015
The prisoner’s dilemma is a canonical example of why rational individuals might not cooperate, even if it appears that it is in their best interests to do so. We need to think about how to break out of this mentality and avert a national crisis before a much larger on befalls us. EFFORT: It is…
Divided Countries Achieve Very Little
29 September 2015
MUTUAL TRUST AND RESPECT: How well a society works together determines a country’s success WHY do seemingly good politicians make terrible decisions? Why do otherwise sensible and well-meaning individuals take or defend positions that destabilise a country rather than ensure its progress and prosperity? So prevalent is this in the developing world that about a…
What Is the Ringgit Telling Us?
25 August 2015
FACTORS: A weaker ringgit can absorb the shock of external deflation and help the economy to bounce back or it can be a symptom of investment confidence Customers checking the prices at a money exchange. The value of the ringgit is determined by a combination of factors, rather than one or a few acting in…
Is Malaysia Really Competitive?
15 July 2015
Being a competitive economy is not an end in itself. We need to be realistic and practical, and get on with the job of becoming so. THE term “competitive” is much used and abused. Adjectives describe a thing . in this particular case, the country and its economy. But all adjectives also involve an act…
Facing Economic Trials Ahead
16 June 2015
HARD REALITIES: Lower commodity prices are beginning to hurt exporters, like Malaysia WHEN I started working in the early 1980s, developed economies were responsible for 75 per cent of world economic growth. Today, as I approach retirement age, they contribute less than half. By growing at roughly twice the rate of high-income ones, dynamic Asian…
Will Special Interest Groups Hurt Malaysia?
19 May 2015
Once special interest groups become large and dominant, their interests and survival depend on acting in concert with others and not in rivalry with them. IF there is one thing that is guaranteed to sink Malaysia, derail all its grand plans and leave it broken and rudderless, it is stubbornness and insular self-interest. This brand…
What It Means to be a Radicalised Society?
28 April 2015
LAST month, I attended a workshop on counter radicalisation in Kuala Lumpur, in which senior security experts, academics and officials from 27 countries participated. This is not an area that is familiar to me. But with terrorism hitting the media practically every day, the workshop seemed a great opportunity to get up to speed on…
Hedged Economic Interdependence in Asia
15 April 2015
Chapter 8 by Dato’ Steven Wong. In François Godement (ed.) How Do Asians See Their Future?. London: European Council on Foreign Relations, 2015, pp. 65-69. SW_Chp8_Bk_ECFR.pdf
Remaining a Moderate and Progressive Country
31 March 2015
Few would concede, at least not openly, that this country can also regress over time. Instead of moving towards better and brighter things, we may head in exactly the opposite direction. There may be some good reasons for this. FIRST, it is a diehard mental habit. We humans are hardwired to survive and thrive, and…
Why China Seems to be Winning Its Anti-graft War
10 March 2015
CRACKDOWN: Tackling corruption must start from the top as shown by Beijing in its robust snaring of ‘big fish’ In Asia today,never-before taken efforts are being taken to combat the scourge of corruption; the most serious, without a doubt, being that of China's. China has a political system that differs vastly from the vast majority…
Getting the Message Across
05 February 2015
GENERALLY speaking, governments are not very good at communicating with electorates. More advanced democracies try, of course, and some even make the passing grade. Most, though, fall well short of the mark. This seems surprising, since politicians are supposed to be great communicators. This is not always true, but the oratory skills that win elections…
Things That’ll Make Us More Resilient
06 January 2015
GET BACK ON TRACK: Promote greater engagement and communication rather than separation and unilateralism THE New Year is typically a time for celebration of the year past and, most importantly, hope for the year ahead. More than an objective reality, the change in the calendar (Gregorian or otherwise) fills the very human need to approach…
A Responsive East Asian Community
02 December 2014
Article by Dato’ Steven Wong which appeared in New Straits Times, 2 December 2014. SW_NST_02Dec2014.pdf
Heeding Socio-Political Speed Limits
18 November 2014
Article by Dato’ Steven Wong which appeared in New Straits Times, 18 November 2014. SW_NST_18Nov2014.pdf
Feeding Political Gremlins
04 November 2014
TOOL OR MASTER? When the people allow politics to consume all reason, all life become enslaved to it EVERYTHING is politics; but, is politics everything? In many countries, there are very different views about how they should be led, the policies that should be pursued and how state institutions should implement them. There is an…
Japan Rail Project Trained It to Excel
07 October 2014
SHINKASEN GLORY: Success most often occurs in the presence of problems and limitations, not the absence of it THIS October marks the 50th anniversary of Japan's iconic Tokaido Shinkansen, or New Trunk Line. Launched on Oct 1, 1964, nine days before the start of the Tokyo Olympics, Hikari No. 1 left Tokyo station on a…
Penalise All Exam Cheaters
23 September 2014
CRIME AND CONSEQUENCE: The government must make sure that the penalties far outweigh the rewards UP to a million Malaysian parents are rightly up in arms at the leak of sixth grade Ujian Pencapaian Sekolah Rendah (UPSR) examination papers. Well, some of them are, anyway. Let us hope though that their anger is for the…
Malaysia at 51
09 September 2014
WE CAN’T LIVE IN THE PAST: We have to look beyond nonsensical issues so that the vast number of present and future Malaysians are well provided for OLDER Malaysians just love nostalgia and perhaps at no time more so than around August-September. Black-and-white memories of carefree childhoods, teenage romances and the adventure of first jobs,…
‘Aseanness’ Still a Long Way Off
26 August 2014
2015 CHAIR: Malaysia must try to raise the profile of the grouping to be in line with its importance to the region AS usual, Asean Day passed with barely a whimper on Aug 8. Small official receptions were held in member states’ capitals, flags were flown and the little-known Asean anthem sung. A few organisations…
Time for Caution
01 July 2014
AVOID USING FORCE: We need to emphasise our differences and strengthen relations READ the headlines of the mass media and it is easy to come to the conclusion that while there are global risks and uncertainty, life as we know it, will proceed as usual on an upward trajectory. The atrocities and mounting death toll…
Hard Facts About Malaysia’s Cost of Living
05 June 2014
World food prices have risen by 133 per cent. The combination of higher prices and greater demand has proved deadly to treasuries around the world. MALAYSIA is a country where keeping the cost of living low has been a long-standing government priority. This has led to decades' worth of price controls and food and energy…
Broaden Sources of Economic Growth
14 May 2014
‘TWO-SPEED’ ECONOMY: How do we explain the sombre mood when the numbers look good? AS far as numbers go, recent economic developments have been quite promising. The government's forecast of five to mid-five per cent of gross domestic product (GDP) growth this year, initially thought ambitious, has been backed by a slew of independent banks…
Preserving Our Multiculturalism
29 April 2014
Article by Dato’ Steven CM Wong which appeared in New Straits Times, 29 April 2014. SW_NST_29Apr2014.pdf
Can ASEAN Really be People-Centred?
31 March 2014
Article by Steven CM Wong which appeared in ASEAN Newsletter (of the Ministry of Foreign Affairs, Republic of Korea), March 2014, pp. 6-7. SW_ASEAN_Newsletter_Mar2014.pdf
Our Single Garment of Destiny
26 March 2014
Article by Steven Wong which appeared in New Straits Times, 25 March 2014.
GST Can Boost Economic Defence
04 March 2014
Article by Steven CM Wong which appeared in New Straits Times, 4 March 2014.
Getting Economic Priorities Right
04 February 2014
Article by Steven Wong which appeared in New Straits Times, 4 February 2014.
Challenges of the ASEAN Chair
01 February 2014
Article by Steven CM Wong which appeared in ASEAN Newsletter (of the Ministry of Foreign Affairs, Republic of Korea),January 2014, pp. 3-4.
Who Is Responsible for People’s Welfare?
07 January 2014
Article by Steven C.M. Wong which appeared in New Straits Times, 7 January 2014
The Flip Side of Wrong
27 November 2013
By Steven CM Wong which appeared in New Straits Times, 26 November 2013.
Four Hypotheses About the Relationship Between the Trans-Pacific Partnership and ASEAN’s Regional Comprehensive Economic Partnership
31 October 2013
By Steven C M Wong which appeared in ASEAN Newsletter (of the Ministry of Foreign Affairs and Trade, Republic of Korea), October 2013, p. 4-5
Malaysian Economics, Gangnam Style
23 October 2013
By Steven C M Wong which appeared in New Straits Times, 22 October 2013.
Cool Heads for Hot-button Issues
11 September 2013
By Steven CM Wong which appeared in New Straits Times, 10 September 2013.
Are There Many Building Blocks to Freer Trade?
27 August 2013
By Steven Wong which appeared in New Straits Times, 27 August 2013.
Trade Pacts Are a Fact of Life
31 July 2013
By Steven C M Wong which appeared in New Straits Times, 30 July 2013.
The TPP and ASEAN: Setting the Cat Among the Pigeons?
30 July 2013
By Steven C M Wong which appeared in ASEAN Newsletter (of the Ministry of Foreign Affairs and Trade, Republic of Korea), July 2013, pp. 2-3.
An ASEAN-China Trade Bloc: Examining Trade Dependence Between ASEAN and China
09 July 2013
By Justin Lim and Steven C M Wong which appeared in ASEAN Newsletter (of the Ministry of Foreign Affairs and Trade, Republic of Korea), May 2013, pp.4-5.
Reflections on Resource Pooling and the ASEAN Infrastructure Fund
30 June 2013
Reflections on Resource Pooling and the ASEAN Infrastructure Fund By Steven C M Wong which appeared in ASEAN Newsletter (of the Ministry of Foreign Affairs and Trade, Republic of Korea), June 2013, pp. 6-7
The Future of East Asian Speedsters
18 June 2013
By Steven C M Wong which appeared in New Straits Times, 18 June 2013.
Transparency and the Common Good
21 May 2013
By Steven CM Wong which appeared in New Straits Times, 21 May 2013.
When Is Less Govt Policy More?
07 May 2013
When Is Less Govt Policy More? By Steven C M Wong which appeared in New Straits Times, 7 May 2013.
The Trouble with Political Economy
09 April 2013
Article by Mr Steven C M Wong which appeared in New Straits Times, 9 April 2013.
Good, Practical Economic Policies
26 March 2013
By Steven C M Wong which appeared in New Straits Times, 26 March 2013.
A Politics of Policies, Not Just Personalities
19 February 2013
By Steven CM Wong which appeared in New Straits Times, 19 February 2013.
Brunei's Chairmanship of ASEAN: An Outsider's View
15 February 2013
By Steven C M Wong which appeared in ASEAN Newsletter (of the Ministry of Foreign Affairs and Trade, Republic of Korea), January 2013, p. 2.
The Competition for Domestic Investments
22 January 2013
By Steven CM Wong which appeared in New Straits Times, 22 January 2013
Remembering Hirschman
02 January 2013
Article by Steven C M Wong which appeared in New Straits Times, 1 January 2013
The Power of Saying Yes or No
12 December 2012
Article by Steven C M Wong which appeared in New Straits Times, 11 December 2012
In Pursuit of True Productivity
06 November 2012
Article by Steven C M Wong which appeared in New Straits Times, 6 November 2012
The Trouble with ‘Triangles’: The Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT)
02 November 2012
Article by Steven C M Wong which appeared in ASEAN Newsletter (of the Ministry of Foreign Affairs and Trade, Republic of Korea), September 2012, p. 2-3
Strides in Business Environment
25 October 2012
Article by Steven Wong and Justin Lim which appeared in New Straits Times, 25 October 2012
Budgets are about making best decisions
03 October 2012
Article by Steven C M Wong which appeared in New Straits Times, 2 October 2012
The Politics in Political Economy
11 September 2012
Article by Steven C M Wong which appeared in New Straits Times, 11 September 2012
ASEAN as ‘One Community, One Destiny’: Reality
04 September 2012
Article by Steven C M Wong which appeared in ASEAN Newsletter (of the Ministry of Foreign Affairs and Trade, Republic of Korea), August 2012, p. 2
Invest in information infrastructure
31 July 2012
Invest in information infrastructure" width="149" height="133" style="border: 1px double; margin-left: 4px; margin-right: 4px;" /> Article by Steven CM Wong which appeared in The New Straits Times, 31 July, 2012
Does psychology hold a key to high-income status?
17 July 2012
Article by Steven CM Wong which appeared in New Straits Times, 17 July, 2012
All Eyes on European Summit
27 June 2012
Article by Steven C M Wong which appeared in New Straits Times, 26 June 2012
Australia Not Taking Sweet Spot for Granted
12 June 2012
Article by Steven C M Wong which appeared in New Straits Times, 12 June 2012
Avoid the Paths of Mutual Recrimination
22 May 2012
Article by Steven C M Wong which appeared in New Straits Times, 22 May 2012
Brain Drain Could Drain the High-Income Economy
02 May 2012
Article by Steven CM Wong which appeared in New Straits Times, 1 May 2012
Should Malaysia Save More or Less?
03 April 2012
Article by Mr Steven CM Wong which appeared in New Straits Times, 3 April 2012
Rules of the High-Income Economy Game
13 March 2012
Article by Steven C M Wong which appeared in New Straits Times, 13 March 2012
Beneficiaries of a High-Income Economy
14 February 2012
Article by Mr Steven C M Wong which appeared in New Straits Times, 14 February 2012
Southeast Asia’s Yuan Dilemma
30 January 2012
Article by Mr Steven CM Wong which appeared in New Straits Times, 30 January 2012
Time for Asean to Grow Some Teeth
09 December 2011
Article by Steven CM Wong which appeared in New Straits Times, 9 December 2011
Asean and the Global Sovereign Debt Problem
09 December 2011
Article by Steven CM Wong which appeared in New Straits Times, 28 November 2011
My ‘5-D’ Christmas Wish List
08 April 2010
Article by Steven C.M. Wong which appeared in The Star, 14 December 2009
The Virtue of Having Two Hands
10 March 2010
Article by Steven C.M. Wong which appeared in The Star, 8 March 2010
The Power of Voluntarism
09 February 2010
Article by Steven C.M. Wong which appeared in The Star, 8 February 2010.
The Essentials of a High-Value Economy
11 January 2010
Article by Steven C.M. Wong which appeared in The Star, 11 January 2010
Innovators Have a Name
04 December 2009
Article by Steven C.M. Wong which appeared in The Star, 16 November 2009.
Transitions to the New Economy
03 December 2009
Article by Steven C.M. Wong which appeared in The Star, 19 October 2009.
Old Maps, New Territories
23 August 2009
Article by Steven C.M. Wong which appeared in The Star, 24 Aug 2009.
Malaysia and Pareto
26 July 2009
Article by Steven C.M. Wong which appeared in The Star, 27 July 2009.
Five Minds, One Malaysia
29 June 2009
Article by Steven C.M. Wong which appeared in The Star, 29 June 2009.
Green Shoots Or Dried Lallang?
04 May 2009
Article by Steven C.M. Wong which appeared in The Star, 4 May 2009.
When Perception is Reality
06 April 2009
Article by Steven C.M. Wong which appeared in The Star, 6 April 2009.
Potholes, Sinkholes and Stimulus Packages
09 March 2009
Article by Steven C.M. Wong which appeared in The Star, 9 March 2009.
Bright Spots on a Black Canvas?
12 January 2009
Article by Steven C.M. Wong which appeared in The Star, 12 January 2009.
Five Dimensions of the Crisis
15 December 2008
Article by Steven C.M. Wong which appeared in The Star, 15 December 2008.
Opinion: When Reality Kicks In, Our Future matters Most
04 February 2007
by Steven C.M. Wong. An edited version appeared in the New Sunday Times, 4 February 2007.
Malaysia's Competitiveness Ranking Confirms Our Economic Policies
28 September 2006
by Steven C M Wong. An edited version appeared in the New Straits Times, 28 September 2006.
FTAs: A Necessary Evil for Fairer World Trade
19 July 2006
by Steve C M Wong. An edited version appeared in the New Straits Times, 19 July 2006.
Reflections on a Petrol Price Rise
04 March 2006
by Steven C M Wong. An edited version appeared in the New Straits Times, 4 March 2006
The Fallacies of Subsidies
30 July 2005
by Steve C M Wong. An edited version appeared in the New Straits Times, 30 July 2005.