Seminar on a responsible economy for Malaysia

Sabah's Perspective

This is a one-day seminar to advocate for policies that are engineered towards a more responsible economy by steering finance, businesses and industries towards sectors and activities that would offer better opportunities for all sectors of the society, and a more equal distribution of wealth.


While the global economy has allowed billions of people attain better well-being, it also has a role in the excessive exploitation of common resources, increasing inequality in society and the deterioration of the planet. Achieving sustainable development has been hampered by trade-offs in favour of economic growth over social well-being and ecological viability. The heightened awareness that present economic growth and development trend may bring irreparable damage to planet earth has people thinking of a more responsible and sustainable economic growth model.


At the global level, the United Nations has consolidated these concerns into 17 Sustainable Development Goals 2030 (SDG 2030). The SDG 2030 provides a development framework that is focused on protecting the environment, enhancing equity and inclusiveness, and long-term sustainability.


In Malaysia, there is now growing awareness of taking a more holistic view of economic development. Not only economic development has to create wealth, it needs to do so in an equitable and sustainable manner. This called for policies to give emphasis to poverty eradication, access to education, health, uplifting life quality of society, achieving high income, growth with equitable distribution, gender equality, managing and conserving the environment.


Topics of the seminar:

  • Sabah’s economy at the crossroad​​​​​​​
  • New ways to reconnect the economy to the society: the Yayasan Usaha Maju
  • The circular economy and the best practice of sustainability of Sabah’s agricultural development in a technology-rich environment
  • Community engagement in reducing imbalances and strengthening the attractiveness of a region from Sabah’s perspective
  • Entrepreneurship development toward a more equitable economic growth and reducing social inequalities – highlight of skills and resources to meet the needs of the population
  • Socially responsible investment and participatory financing in improving the quality of life of the community and local economy
  • Ethical consumerism – Fair Trade, Corporate Social Responsibility (CSR) and Corporate Responsible Investment(CRI)
  • ​​​​​​​“Access v. Ownership” to access goods and services on-demand, women emancipation, various stakeholders inclusion, digital and artificial intelligence as a part of modern society – the experience of Indonesia
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Wolfgang Hruschka †