A monthly round-up of what the ICMR team is reading, watching, and listening to. Recommendations are based on what the team finds interesting or thought-provoking, and are not representative of ICMR’s views.

A Fresh Take on Reducing Inequality and Enhancing Mobility in Malaysia

The World Bank report analyses inequality and economic mobility in Malaysia, focusing on trends, drivers, and policy recommendations. It highlights that while inequality has decreased, progress has slowed, and regional and ethnic disparities persist, especially for Bumiputera in East Malaysia. The report identifies challenges such as declining skills premiums, underutilised labour, and a fragmented social protection system. It proposes policy measures across five themes, including improving human capital, strengthening social protection, and financing inclusive investments to reduce inequality and promote upward mobility. The report also underscores the importance of public perception and communication in implementing equity-enhancing reforms.

The End of America, Rise of BRICs, Trump’s Tariffs DAMAGE US Economy 

Renowned economist Richard Wolff warns that Trump’s international economic policies could backfire—isolating the U.S. and weakening its global influence. His protectionist measures, like high tariffs, may harm long-term economic growth by straining trade relations and increasing costs for American businesses.

Adding to the challenge, Wolff highlights contradictions in Trump’s approach—policies meant to protect jobs might actually hurt industries that rely on global supply chains. Meanwhile, the global balance of power is shifting, with China and the BRICS nations gaining influence while the U.S. and its European allies lose economic leverage.

So, is Trump’s strategy a bold move or a risky gamble? The stakes are high, and the global economy is watching.

Why It Feels Like You’ll Never Catch Up

This video essay by The Financial Diet discusses the scarcity economy and whether late-stage capitalism as we know it today thrives on us constantly feeling like we’re not enough. By encouraging the behavioural mindset of scarcity, corporations are inevitably forcing us into a cycle of overconsumption and hustle culture eventhough it is almost imposssible to “keep up”.

Micro-Retirement’: The New Career Trend Rising Among Gen Z

The Forbes article discusses the emerging trend of “micro-retirements” among Generation Z, where individuals take short, intentional breaks from work throughout their careers instead of waiting for traditional retirement. This approach allows them to pursue personal interests, travel, or focus on mental health, reflecting a desire for work-life balance and fulfilment. Factors such as the gig economy, remote work opportunities, and a re-evaluation of career priorities have contributed to the rise of this trend among Gen Z professionals.

AI Will Transform the Global Economy. Let’s Make Sure It Benefits Humanity.

AI is poised to transform the global economy, impacting nearly 40% of jobs and potentially increasing inequality. Advanced economies are better prepared for AI adoption, but comprehensive social safety nets and retraining programs are essential to ensure the benefits of AI are inclusive and protect vulnerable workers.

Top AI Trends in 2025: Transforming Businesses Across Industries

As AI development continue to disrupt various sectors, this article highlights some of the key developments that we should watch out for 2025, and these trends led by AI are definitely not “just a hype”. Advancements such as conversational AI, predictive analytics (through Machine Learning etc), and the democratisation of generative AI tools that does not require much of a skillset or knowledge to operate, can act as a double-edge sword, leading to challenges such as data privacy concern and ethical considerations. In order to stay resilient, businesses will now have to consider investing in such tools adequately to keep up with the market more proactively….

Who cares for the caregivers when they need care too?

The article highlights the importance of supporting caregivers, recognising the physical, emotional, and financial challenges they encounter while caring for their loved ones. A 2022 survey by the National Council of Social Service revealed that over half of caregivers were “barely coping” with their responsibilities. Many struggle with a loss of control over their lives, physical exhaustion, and limited resources, highlighting the urgent need for greater support and assistance.