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Thursday, 11-Dec-2008 16:00 Email | Share | Bookmark
Dialogue on Global Financial Uncertainties

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Venue : Auditorium Cempaka Sari, Kompleks Perbadanan Putrajaya

Quote:

Dr Mahathir Speaks At Global Financial Uncertainties Talks

PUTRAJAYA, Dec 11 (Bernama) -- The Raja Muda of Perak, Raja Dr Nazrin Shah Thursday attended a talk on Global Financial Uncertainties and the Future of Malaysia at the Perbadanan Putrajaya Complex, here.

The event was organised by Bridges, a non-governmental organisation, with Raja Dr Nazrin Shah as the Honorary Chairman.

The talks were delivered by former prime minister Tun Dr Mahathir Mohamad and the 2003 Nobel Laureate for Economics, Prof Dr Robert Fry Engle III.

Dr Mahathir said by merely injecting few billion ringgit into the country's economy was not the answer in mitigating the current global financial crisis.

He said the country needed a proper plan by first understanding the problems and their causes.

"The crisis has to be studied carefully. We have to understand how it happened and how it affected us before drawing up a proper plan," he said.

Dr Mahathir said without proper planning, it would involve cosmectics changes only to the solution.

He also said the country need to resolve its political instabilty first before concentrating on economic problem.

He also doubted that Vision 2020, a plan to turn Malaysia into a developed country by the year 2020 could be achieved because of financial crisis and radical changes in the country's policies and planning.

-- BERNAMA


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1. Prof Dr. Robert Fry Engle III is a 2003 Noble Laureate for Economics and the Michael Armellino Professor of Finance at New York University's Stern School of Business

2. Tun with Nizar Razak, event moderator

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6. Raja Nazrin

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10. Stay where you are Sir, I can manage






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