weekly NOTEBOOK #48-25th July,1998
 
 
 
 

Is there a level playing field? -I only have question,but no answer.May be you can help...;hopefully the playing field is NOT also a killing field.
 
 

If it exists,may I know where it is.If it does not exist,will there be a level playing field in the next 100 years?This question really bugs me.It may be due to watching too much World Cup games on TV lately. May be, it may occur on  the football pitch,but it looks unlikely in the social economic fields.Last two weeks,the French celebrated their Champion Du Monde .Will we Malaysians ever be able to celebrate Juara Dunia Bolasepak? I think we can only dream... (FIFA Ranking for Malaysia: 96/192)
 

The world is going global faster than we can catch up,especially in the technology and financial arena.Just look back for the last six months when our ringgit was battered from RM 2.50 to almost RM 5.00 to one US$.The quoted share of a public company where I am a director drops from RM 10.70 to RM0.70.We could not even defended it,let alone fight the 'godzillas' in the currency market.Malaysia does not even qualify to be a member of the 'second world' if it ever exists.We are a member of the Third World countries.The film Godzilla potrayed to  me that 'sheer brute force ' is no way to fight the 'gigantic beasts'; the ordinary mortals have to be smart to win the war.Size does matter is valid in this film as well as in world currency trade!! Football is a good example.We may have the skill and the fighting spirit,but how about our physical size?No matter how good  a swimmer you are,only a few can survive the tsunami wave of 25 feet high as it happened in PNG this week?Death toll is reported around 3000 to-date!.A mini DEEP IMPACT?

Any general statement is *not* always right,including this one that I am going to make  now :

I DON'T THINK WE ARE GOING TO PLAY ON A LEVEL PLAYING FIELD IN SOCIO-ECONOMIC SECTORS IN TO-DAY GLOBAL TRADE. SOMEONE,SOMEWHERE WILL NOT LET US.

Remember the famous  dawn raid in London in mid-80's where PNB(Perbadanan National Bhd) has acquired control of Guthrie PLC? After PNB  successfully took over the company that owns a land bank bigger than Penang,LSE (London Stock Exchange) changed the Exchange rules!!The West and the rich nations will always have the upper hands.

Then ,how do we play the game if the the playing field is *not* level.?

Another area of concern is technology.The Third World is always behind.As an example,the US military  has been using the Internet technology for the past 30 years.It was called the Arpanet.The Internet is only five years old in Malaysia! Whatever the so-called 'latest' technology we have,we are always behind because they only give us their out-dated technology.We have no competitive  advantage against the west.To add insult to injury,even a small European country like Holland(she ruled Indonesia for 400 years) which does not grow even a cocoa plant has the power to decide the price of our cocoa beans.It is still being quoted in pound sterling at LCTM (London Cocoa Terminal Market). Remember the fiasco of tin price more than ten years ago?I think we should have learned enough lessons by now.If we ever learn...

To my mind,first we have to accept that the playing field is not level.The rules are not fair.The refree is biased.How do we ensure that in ten years time,after we rebuild our economy,that no body can come to take away half of it like what is happening to us now?Then,how do we compete?This is a strategic question that demand immediate answers from our wise men. Honestly,I don't know the answers.

Every day,the business world is getting more global and borderless.Our technology becomes obsolete as soon as we learn to use them.Do we have what it takes to win ?If not,what should we do NOW?Or we just wait for the playing field turning itself into a killing field?No more Pol Pot,please.


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 Nothing levels a playing field like a better idea. -Stanley I. Mason,Jr-