Raja Nazrin: Five ways to empower the people
KUALA LUMPUR: The world financial crisis could worsen the divide between rich and poor in Asia, and pose the greatest challenge to the continent, Raja Muda of Perak Raja Nazrin Shah said.The global financial system, he said, had been severely weakened by mounting losses in impaired and illiquid assets, uncertainty regarding the availability and cost of funding, as well as unwillingness to extend new credit to the wider segments of economy.
"Market confidence has dwindled, leading to the collapse of key financial institutions, which in turn has necessitated wide-scale public intervention and cross-border cooperation to support a more orderly deleveraging process, while minimising the potential risk to global economic growth."
He said it was time for cool heads, steady hands, pragmatism and decisiveness to critically determine the collective security and stability of our people for decades to come, as some were paying the price for the excesses of a few.
"Riding on this growth, we have seen new economic powers emerge in just the space of a generation. Nations like China and India stand pounding at the door of the West, wanting a voice, a presence, and recognition of their culture and their values."
Sadly, Raja Nazrin said, they had also engendered an impoverished and disenchanted society.
"It cannot be taken for granted for a building block can very easily become a stumbling block. Diversity is only strength if the unity of the whole, and not the differences, are being emphasised.
"An Asia that degenerates into modern-day tribalism and infighting will pose a danger to itself and to others and this must be avoided at all costs."
Raja Nazrin said it was necessary to hold firmly to the principle of inclusiveness so that no segment of society was disrespected, discredited, disenfranchised, unrecognised or unwanted, causing alienation and hostility.
He said there was no better way to express inclusiveness than through empowerment, which provided opportunities for those who did not walk the corridors of power and who had little say.
"We cannot morally turn our backs on the fundamental responsibility of ensuring that all stakeholders in our society, no matter how small or seemingly insignificant, have a place under the sun."
Raja Nazrin listed five sources of empowerment.
The first is to strengthen the rule of law which has the capacity to unite and enfranchise the people of Asia.
The second is greater political participation -- to convert residents into citizens and citizens into stakeholders so that there will be the widest sense of ownership of problems and challenges.
Third is reform of societal "software", consisting of its values and beliefs.
A fourth source of empowerment is information and communications technology which has shortened distances through the Internet and mobile phone, and has radically and dramatically changed lifestyles, leisure and business.
Fifth is education that breaks the chains of oppressive traditions and extremism, paves the way for many to find their way out of poverty, sharpen their competitive edge and share information and knowledge across borders.
Source : http://www.nst.com.my/Current_News/NST/Friday/National/2389513/Article/index_html