Full-scale Covid-19 lockdown would lead to Malaysia’s economic collapse, academics warn

Empty shopping mall in Kuala Lumpur (Picture: C.T. Kong)

The implementation of a total lockdown across Malaysia would bring the country on the verge of an economic collapse, said Kuala Lumpur-based academic and educational initiative Center for Market Education (CME).

The statement came after rumors spread that the Malaysian government was considering a full-scale, country-wide lockdown after February 4 when the current movement control order ends.

In a statement, the think-tank said that lockdowns were “not an effective measure from a scientific perspective when it comes to containing the virus,” according to The Edge.

Instead, better data analysis and communication to allow people to make informed risk assessments to adjust their behaviour was a more effective way to fight Covid-19, the center said.

“From the economic perspective, instead, a decision to completely shut down the economy, including manufacturing, can only be driven by a poor understanding of how the economy works. In fact, it cannot be divided into independent sectors; on the contrary, it is an intricate web of connections, in particular human interactions,” said CEM’s chief executive officer Carmelo Ferlito.

Learning to live with the virus

He added that the country needs to learn to live with the virus, and that the real issue was to focus on prevention and treatments that can reduce, minimise and eventually nullify the virus-induced mortality, which is already at a low level in the country.

The think tank noted that the government’s  “hiccup lockdown strategy” had set a new norm in Malaysia, which is creating nervousness in the investor community, and, as a result, Malaysia was losing in the race for foreign direct investments against its neighbours.

“Abandon any idea of a total lockdown, which is not proved to be useful from a scientific perspective and can only bring Malaysia to a devastating level of poverty, with the number of people dying of poverty much higher than the one dying of Covid-19,” said CME.

Long-term strategy needed

It also believed that there should be a focus on collecting more data for Covid-19 cases and deaths, such as age groups, gender and comorbities.

CME added that the data should be publicised for better risk assessment, so that individual choices concerning movements and exposure can be made more soundly. It also noted that the problem would need a “long-term fighting strategy.”



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Empty shopping mall in Kuala Lumpur (Picture: C.T. Kong) The implementation of a total lockdown across Malaysia would bring the country on the verge of an economic collapse, said Kuala Lumpur-based academic and educational initiative Center for Market Education (CME). The statement came after rumors spread that the Malaysian government was considering a full-scale, country-wide lockdown after February 4 when the current movement control order ends. In a statement, the think-tank said that lockdowns were “not an effective measure from a scientific perspective when it comes to containing the virus,” according to The Edge. Instead, better data analysis and communication...

Empty shopping mall in Kuala Lumpur (Picture: C.T. Kong)

The implementation of a total lockdown across Malaysia would bring the country on the verge of an economic collapse, said Kuala Lumpur-based academic and educational initiative Center for Market Education (CME).

The statement came after rumors spread that the Malaysian government was considering a full-scale, country-wide lockdown after February 4 when the current movement control order ends.

In a statement, the think-tank said that lockdowns were “not an effective measure from a scientific perspective when it comes to containing the virus,” according to The Edge.

Instead, better data analysis and communication to allow people to make informed risk assessments to adjust their behaviour was a more effective way to fight Covid-19, the center said.

“From the economic perspective, instead, a decision to completely shut down the economy, including manufacturing, can only be driven by a poor understanding of how the economy works. In fact, it cannot be divided into independent sectors; on the contrary, it is an intricate web of connections, in particular human interactions,” said CEM’s chief executive officer Carmelo Ferlito.

Learning to live with the virus

He added that the country needs to learn to live with the virus, and that the real issue was to focus on prevention and treatments that can reduce, minimise and eventually nullify the virus-induced mortality, which is already at a low level in the country.

The think tank noted that the government’s  “hiccup lockdown strategy” had set a new norm in Malaysia, which is creating nervousness in the investor community, and, as a result, Malaysia was losing in the race for foreign direct investments against its neighbours.

“Abandon any idea of a total lockdown, which is not proved to be useful from a scientific perspective and can only bring Malaysia to a devastating level of poverty, with the number of people dying of poverty much higher than the one dying of Covid-19,” said CME.

Long-term strategy needed

It also believed that there should be a focus on collecting more data for Covid-19 cases and deaths, such as age groups, gender and comorbities.

CME added that the data should be publicised for better risk assessment, so that individual choices concerning movements and exposure can be made more soundly. It also noted that the problem would need a “long-term fighting strategy.”



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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