Jayant Menon

About Jayant Menon

Jayant Menon is a lead economist in the Economic Research and Regional Cooperation Department at the Asian Development Bank.
Author Archive | Jayant Menon
Governance

Malaysia’s affirmative action should be based on need

Malaysia’s Affirmative Action Should Be Based on Need
When Malaysians came out in numbers to replace the government that had ruled since Independence, they signaled a clear desire for change. But what kind of mandate does the new government have? Pakatan Harapan’s election campaign included a host of promises, most of which are now being pursued without much controversy.

Governance, Public-Private Partnership

“Monsters” in the house? What to do about Malaysia’s government-linked companies

“Monsters” in the house? What to do about Malaysia’s government-linked companies
About a month before Malaysia’s parliamentary election in May 2018, then-opposition leader Mahathir Mohamad raised concerns over the role that government-linked companies (GLCs) were playing in the economy, being “huge and rich” enough to be considered “monsters”. Data support his description—GLCs account for about half of the benchmark Kuala Lumpur Composite Index, and they constitute seven out of the top-10 listed firms in 2018. They are present in almost every sector, sometimes in a towering way. Globally, Malaysia ranks fifth-highest in terms of GLC influence on the economy.

Economics, Governance, Regional Cooperation, Trade

Will 2025 be the final deadline for the ASEAN Economic Community?

Will 2025 be the final deadline for the ASEAN Economic Community?
The Association of Southeast Asian Nations (ASEAN) fell short of its target of realizing the ASEAN Economic Community (AEC) by the end of 2015, deferring 105 of its 506 measures. A successor blueprint called the AEC Blueprint 2025, which lays out the work for ASEAN economic integration in the next 10 years, was adopted at the 27th ASEAN Summit in November 2015.

Trade

What next for the Trans-Pacific Partnership?

What next for the Trans-Pacific Partnership?
After more than 5 years of numerous missed self-imposed deadlines, trade ministers from the 12 participating Asia-Pacific countries finally concluded the Trans-Pacific Partnership (TPP) in Atlanta on 5 October 2015. The public fanfare accompanying the announcement led many to believe the agreement would soon come into force. Yet there is a lot that needs to be done before that happens, and there is no guarantee that it will. In this article, I examine two issues: (i) what concluding the TPP means in terms of what was achieved and what remains to be done; and (ii) what the TPP is likely to look like, given what we now know following the negotiations.