In his keynote address on "Fifty Years of Development: Lessons Learnt" at the National Economic Outlook Conference 2008/2009, organized by the Malaysian Institute of Economic Research, the Raja Muda of Perak Raja Nazrin Shah delivered his caveat to the Government on the importance of social development in this country.

He said Malaysia, in facing future challenges and to be more competitive internationally, has to redefine its development thinking by making social capital an integral part of its discourse.

"Human capital development without the right environment is futility in itself."

"At the end of the day, the difference between a fully functional state and a fully dysfunctional one may lie in nothing more than the quantity and quality of its social capital." […]

"I believe that in facing future challenges we will demonstrate both pragmatism and fairness." […]

It’s not hard trying to grasp what Raja Nazrin was trying to convey, especially when he continuously emphasizing on the need for us to put more focus in promoting pragmatism and fairness in facing future challenges, where it’s essential for the Government to play an effective role in producing a balanced political, social, economic and cultural environment.

He believes that it’s only under the aforementioned circumstance, human capital will flourish together with organizations that transcend ethnic, religious and cultural boundaries.

Food for thought.

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