• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • About
  • Contact
  • RSS
  • Archives
  • Subscribe
The Nut Graph

The Nut Graph

Making Sense of Politics & Pop Culture

  • Projects
    • MP Watch
    • Found in Conversation
  • Current Issues
    • 6 Words
    • Commentary
    • Features
    • Found in Quotation
    • News
  • Columns
  • Interviews
    • Exclusives
    • Found in Malaysia
  • Multimedia
    • Audio
    • Pictures
    • Videos
  • Corrections
  • Letters to the Editor
  • Vault
    • Found in Translation

Money not the answer to financial crisis

December 11, 2008

PUTRAJAYA, 11 Dec 2008: Injecting a few billion ringgit into the country’s economy was not the answer in mitigating the current global financial crisis, said former prime minister Tun Dr Mahathir Mohamad.

Speaking at a talk on Global Uncertainties and the Future of Malaysia here today, Mahathir said the country needed a proper plan by first understanding the problems and their causes.

The event was organised by Bridges, a non-governmental organisation. Its honorary chairperson, the Raja Muda of Perak, Raja Dr Nazrin Shah, also attended the event.

The talks were delivered Mahathir and the 2003 Nobel Laureate for Economics, Prof Dr Robert Fry Engle III.

“The [financial] crisis has to be studied carefully. We have to understand how it happened and how it affected us before drawing up a proper plan,” Mahathir said.

Mahathir said without proper planning, whatever efforts to find a solution would only be cosmetic. He also said the country need to resolve its political instability 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

 

Filed Under: News Tagged With: Bridges, financial crisis, tun Dr Mahathir Mohamad, Vision 2020

Primary Sidebar

Search

Recent Comments

  • Wave33 on The Nut Graph stops publication
  • Adam on The Nut Graph stops publication
  • PSTan on The Nut Graph stops publication
  • PSTan on The Nut Graph stops publication
  • Andre Lai on The Nut Graph stops publication

Recent News

  • The Nut Graph stops publication
  • Nasihat tentang sepupu yang mengganggu perasaan
  • Uncommon Sense with Wong Chin Huat: The Sunni-Shia split and the answer to Muslim unity
  • Why Malaysia needs the national unity bills
  • Challenging government in the digital age: Lessons from Kidex
  • Najib’s failure
  • Babi, anjing, pondan: Jijik orang Islam Malaysia
  • Kidex and the law – What the government’s not telling you
  • Beyond Dyana Sofya
  • Uncommon Sense with Wong Chin Huat: Does Malaysia need hate speech laws?

Tags

Abdullah Ahmad Badawi Anwar Ibrahim Barisan Nasional BN Bukit Selambau by-election dap Deborah Loh Ding Jo-Ann Election Commission elections Found in Malaysia Found in Quotation Gan Pei Ling government high court Hishammuddin Hussein ISA islam Jacqueline Ann Surin Khairy Jamaluddin KW Mak Lim Guan Eng Malaysia MCA Menteri Besar MP Watch Muhyiddin Yassin muslim Najib Razak Pakatan Rakyat Parliament Parti Keadilan Rakyat pas Penang Perak PKR police politics prime minister Selangor Shanon Shah Umno Wong Chin Huat Zedeck Siew

Footer

  • About The Nut Graph
  • Who Are We?
  • Our Contributors
  • Past Contributors
  • Guest Contributors
  • Editorial Policy
  • Comments & Columns
  • Copyright Policy
  • Web Accessibility Policy
  • Privacy Policy
The Nut Graph

© 2025 The Nut Graph