Malaysia's new economic policy and the global economy: The evolution of ethnic accommodation

Abstract

Developing countries commonly must deal not only with issues of economic development, but also with the problems associated with a multi‐ethnic population. Most analyses of ethnic programs, however, focus on the domestic political economy and fail to appreciate the importance of international factors. In this essay, I note that Malaysia's New Economic Policy (NEP) and its successors have been affected not only by the domestic ethnic situation but also by the global economy. Furthermore, I argue that current international pressures and constraints have forced a re‐evaluation of the NEP in the past decade. While a concern for ethnic factors is by no means absent from the policy‐making process today, ethnic concerns are now overshadowed by the realities of the international economic order and the government's realization that ethnic accommodation can only be successful within the confines of an outward‐looking, expanding economy.     

Paradigm shifts in Africa: The case of Uganda

It is a positive development that economists and African and world leaders are trying to reinvent the notion and concept of aid but real change means a complete paradigm shift in assessing what leads African economies to grow.     

Special drawing rights and development aid

This article examines the case for establishing a link between the creation of Special Drawing Rights and development aid, analyses the various objections that have been raised against the idea, and describes several possible mechanisms for making the link operative. It then considers the national burden sharing, balance of payments and foreign exchange reserve implications of an ‘organic’ link. Finally, it suggests how, in the context of international monetary reform, the disposal of the large outstanding dollar and sterling reserve‐currency holdings of the developed countries could also be linked with aid to the developing countries.     

Measuring the validity and reliability of forensic likelihood-ratio systems

There has been a great deal of concern recently about validity and reliability in forensic science. This paper reviews for a broad target audience metrics of validity and reliability (accuracy and precision) which have been applied in forensic voice comparison and which are potentially applicable in other branches of forensic science. The metric of validity is the log likelihood-ratio cost (C_llr), and the metric of reliability is an empirical estimate of credible intervals. A revised procedure for the calculation of credible intervals is introduced.