recession period

Master level of my course requires thinking skills and much more applications; it was no more like undergraduates which I could consider as spoon feeding type. Master level has required us to have own ideas especially how argumentative you are in that particular point of view, we could carried out discussion with our lecturer or they called themselves course coordinator.

During our discussion time, we had some new input on the hottest issue right now, the recession period. Our big boss, USA’s economy has collapsed and this has much impact on the exporting country including Malaysia. There is always a quote that when America Sneeze the others will catch a cold, we are a lot more dependent on them. Many people were laid off or retrenched to cut down the operational cost, banks are giving less loans for housing but there is an increment in personal loan.

In such dynamic condition with so much turbulence, we ought to save our money to ourselves and try not to spend much. There are some problems with the mindset of our people, when we are trying to cut down the cost of living and it actually couldn’t help our economy. Those who have been retrenched are suffering and having difficulties in their daily lives. On the other hand, we could create some wealth if we increase the buying power which will lead to more demand of the product and create more job opportunities. In fact, Taiwan has released some policies or incentives to their people so that they can spend, and stimulate the growth of economy within the country.

This requires all of the Malaysians to participate, everyone need to help!