Sep 28, 2011

Malaysia - Four trends to help navigate through uncertainty


KUALA LUMPUR: Several key trends identified at the Khazanah Megatrends Forum 2011 may help guide Malaysia in an interconnected world in which natural disasters, political impasse over economic reforms and unrest caused by socio-economic problems, have caused global economic volatility.

The trends identified were technology and competition, macroeconomics and markets, governance and development and, leadership and change.

According to Khazanah’s concept paper for the forum, global interconnectedness has allowed for global decomposition of supply chains, with different parts at different locations and the interconnectedness of such diverse locations has turned any significant local disruptions into global ones.

Khazanah Nasional Bhd managing director Tan Sri Azman Mokhtar said in a summary to the forum that the deliberations of the last two days were neither optimistic nor pessimistic but ended on a realistic note.

He said this was the 500th anniversary of the Portuguese invasion of Malacca and that the world in that time period had seen great changes.

Azman said the changes that had taken place and the volatility of the times put things into perspective.



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