Malaysia Economic Monitor, November 2012 : Unlocking Women's Potential
The Malaysian economy maintained a vigorous pace in the first nine months of 2012 despite external headwinds. Continuing a trend in the past two years, Malaysia's stronger-than-expected Gross Domestic Product, or GDP growth in the first nine m...
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Format: | Report |
Language: | English en_US |
Published: |
World Bank, Bangkok
2017
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Online Access: | http://documents.worldbank.org/curated/en/209311468049816917/Malaysia-economic-monitor-unlocking-womens-potential http://hdl.handle.net/10986/27228 |
Summary: | The Malaysian economy maintained a
vigorous pace in the first nine months of 2012 despite
external headwinds. Continuing a trend in the past two
years, Malaysia's stronger-than-expected Gross Domestic
Product, or GDP growth in the first nine months of 2012 was
driven by rapid expansion of domestic demand while external
demand (and export-oriented industries) stagnated due to
continuing global uncertainty. Malaysia's low
participation of women in labor markets is linked to a
pattern whereby women do not return to work after marriage
and childbearing. Education alone is not sufficient to close
gender gaps as social norms and formal institutions continue
to affect the choices of all women. In the long-term, norms
need to evolve for gender gaps to be bridged; in the
meantime measures can be put in place to help men and women
balance responsibilities. Changing prevailing social norms
takes time. In the medium-term, supportive measures at all
stages of the life-cycle can be put in place, ranging from
flexi-work arrangements and expanded childcare options, to
incentives for more female participation in
'non-female' educational fields and job types.
While current initiatives to leverage on women's talent
are laudable, other policy options must be explored,
evaluated, and tailored, to enable Malaysian women to fully
contribute to Malaysia's transformation towards a
high-income, inclusive and sustainable economy. |
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