Globalisation, economic policy, and equity: the case of Malaysia

The post independence social and economic development of Malaysia has been guided by a series of five-year development plans which have successfully implemented and transformed the economy from an agricultural based to the modern technological manufacturing based economy. The achievement was most ev...

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Main Authors:	Yusoff, Mohammed, Abu Hasan, Fauziah, Abdul Jalil, Suhaila
Format:	Monograph
Language:	English
Published:	OECD 2000
Subjects:	H Social Sciences (General)
Online Access:	http://irep.iium.edu.my/11064/ http://irep.iium.edu.my/11064/ http://irep.iium.edu.my/11064/1/Poverty_%26_Income_Inequality.pdf

id	iium-11064
recordtype	eprints
spelling	iium-110642013-03-22T07:31:51Z http://irep.iium.edu.my/11064/ Globalisation, economic policy, and equity: the case of Malaysia Yusoff, Mohammed Abu Hasan, Fauziah Abdul Jalil, Suhaila H Social Sciences (General) The post independence social and economic development of Malaysia has been guided by a series of five-year development plans which have successfully implemented and transformed the economy from an agricultural based to the modern technological manufacturing based economy. The achievement was most evident during the period of the New Economic Policy as clearly indicated by the significant reduction in the absolute poverty level and more participation of the Bumiputra in the modern business sector. In Malaysia, the aspects of economic growth and equity have always been emphasized in her development plans to ensure a just and equitable distribution of national wealth in the economy. The development strategies focused on the diversification of industrial structure, enhancing human resource development, promote the use of modern technology to sustain growth momentum and balanced socio-economic development. The roles of the government in the economy have been gradually reduced through privatization and the private sector has to play a bigger role in creating economic activities through expanding private investment. The relatively successful reductions in inequality and poverty can be attributed to the growth of the industrial sector. Foreign investments were encouraged through liberalization of the procedures and rules and maintain liberal policy on foreign equity participation in the manufacturing and tourism sectors. In order to improve the international competitiveness, Malaysia had changed her industrial structure moving away from labor intensive industries into a more high technology industries to reduce its unit cost of production. And finally Malaysia has already made progress to develop her financial and capital markets for efficient mobilization of saving to meet the needs of the private sector long-term investment fund. OECD 2000-11-30 Monograph NonPeerReviewed application/pdf en http://irep.iium.edu.my/11064/1/Poverty_%26_Income_Inequality.pdf Yusoff, Mohammed and Abu Hasan, Fauziah and Abdul Jalil, Suhaila (2000) Globalisation, economic policy, and equity: the case of Malaysia. Documentation. OECD, Paris. http://www.oecd.org/dataoecd/54/49/2682426.pdf
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	H Social Sciences (General)
spellingShingle	H Social Sciences (General) Yusoff, Mohammed Abu Hasan, Fauziah Abdul Jalil, Suhaila Globalisation, economic policy, and equity: the case of Malaysia
description	The post independence social and economic development of Malaysia has been guided by a series of five-year development plans which have successfully implemented and transformed the economy from an agricultural based to the modern technological manufacturing based economy. The achievement was most evident during the period of the New Economic Policy as clearly indicated by the significant reduction in the absolute poverty level and more participation of the Bumiputra in the modern business sector. In Malaysia, the aspects of economic growth and equity have always been emphasized in her development plans to ensure a just and equitable distribution of national wealth in the economy. The development strategies focused on the diversification of industrial structure, enhancing human resource development, promote the use of modern technology to sustain growth momentum and balanced socio-economic development. The roles of the government in the economy have been gradually reduced through privatization and the private sector has to play a bigger role in creating economic activities through expanding private investment. The relatively successful reductions in inequality and poverty can be attributed to the growth of the industrial sector. Foreign investments were encouraged through liberalization of the procedures and rules and maintain liberal policy on foreign equity participation in the manufacturing and tourism sectors. In order to improve the international competitiveness, Malaysia had changed her industrial structure moving away from labor intensive industries into a more high technology industries to reduce its unit cost of production. And finally Malaysia has already made progress to develop her financial and capital markets for efficient mobilization of saving to meet the needs of the private sector long-term investment fund.
format	Monograph
author	Yusoff, Mohammed Abu Hasan, Fauziah Abdul Jalil, Suhaila
author_facet	Yusoff, Mohammed Abu Hasan, Fauziah Abdul Jalil, Suhaila
author_sort	Yusoff, Mohammed
title	Globalisation, economic policy, and equity: the case of Malaysia
title_short	Globalisation, economic policy, and equity: the case of Malaysia
title_full	Globalisation, economic policy, and equity: the case of Malaysia
title_fullStr	Globalisation, economic policy, and equity: the case of Malaysia
title_full_unstemmed	Globalisation, economic policy, and equity: the case of Malaysia
title_sort	globalisation, economic policy, and equity: the case of malaysia
publisher	OECD
publishDate	2000
url	http://irep.iium.edu.my/11064/ http://irep.iium.edu.my/11064/ http://irep.iium.edu.my/11064/1/Poverty_%26_Income_Inequality.pdf
first_indexed	2023-09-18T20:20:25Z
last_indexed	2023-09-18T20:20:25Z
_version_	1777408069834113024

Globalisation, economic policy, and equity: the case of Malaysia

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