Reflections on the Malaysian Economy Post-GE 14 : Issues and Challenges (UUM Press)

Reflections on the Malaysian Economy Post-GE 14 : Issues and Challenges (UUM Press)
Author: Irwan Shah Zainal Abidin
Publisher: UUM Press
Total Pages: 144
Release: 2021-10-03
Genre: Business & Economics
ISBN: 9672486588

The victory of the Pakatan Harapan (PH), or the Alliance of Hope on May 9, 2018 in the Malaysian 14th General Election (GE14) was not just stunning, but historic. Moreover, the second comeback of Tun Dr. Mahathir Mohamad as the seventh Prime Minister of Malaysia was indeed impressive. The results of the GE14 were clearly against the tide as many political pundits and analysts had predicted a win for the Barisan Nasional (BN) coalition with differences only in matters of margins. Similar to Malaysia’s 13th General Election (GE13), which was held on May 5, 2013, the main issue in the GE14 was also about the economy. The rise in cost of living was perhaps the mother of all issues which caused the downfall of the BN government for the first time since independence. Other crucial economic issues centered on alleged corruption practices and manifested through the 1Malaysia Development Berhad (1MDB) saga. As a new federal power for 22 months, the PH government had a daunting task not just to address economic issues mentioned above, but also the other alleged economic problems which they had highlighted in their election manifesto. On top of that, the PH government had the responsibility to maintain, if not to improve further what the BN government had done to the Malaysian economy in the past, of which World Bank economists described as a success story, “a very strong economy” and “growing towards a high-income.” Post-GE14, what is the state of the Malaysian economy and its direction? What are lessons that can be learned from the PH economic management? And with the Perikatan Nasional (PN) government succeeding the federal power in March 2020 in the midst of the Covid-19 pandemic, what are the pressing issues and what needs to be done moving forward especially in the context of the economic challenges arising from the pandemic and post-Covid-19 era? These are some critical questions which this book is trying to address. The book essentially argues for the need to give greater focus to economic issues above anything else by envisioning a new national vision and engineering a new wave of economic structural reforms primarily based on insights from the vast Malaysian economic history lessons

Modeling Economic Growth in Contemporary Malaysia

Modeling Economic Growth in Contemporary Malaysia
Author: Bruno S. Sergi
Publisher: Emerald Group Publishing
Total Pages: 253
Release: 2021-02-12
Genre: Business & Economics
ISBN: 1800438087

This book considers crucial changes to Malaysian economic areas and social well-being. The chapters cover diverse industries such as IT, green technology, retailing, banking, tourism and hospitality, education, logistics, finance, banking, and many others.

The State and Economic Distribution in Peninsular Malaysia

The State and Economic Distribution in Peninsular Malaysia
Author: Loong-Hoe Tan
Publisher: Institute of Southeast Asian
Total Pages: 111
Release: 1982
Genre: Distribution (Economic theory)
ISBN: 9971902443

This study examines the problem of economic distribution - the distribution of economic resources focusing on income, wealth, employment, and education - in developing economies in general and in Peninsular Malaysia in particular. It aims to present a broad theoretical approach in the analysis of economic distribution.

Evaluating the Malaysian Economy 2009 – 2018: Growth, Development and Policies (UUM Press)

Evaluating the Malaysian Economy 2009 – 2018: Growth, Development and Policies (UUM Press)
Author: Irwan Shah Zainal Abidin
Publisher: UUM Press
Total Pages: 219
Release: 2020-03-01
Genre: Business & Economics
ISBN: 9672363141

Malaysia was once on the cusp of becoming one of the ‘Asian Tigers’ as a result of the impressively high growth rates recorded in the early 1990s. From 1990 until 1997, the growth rate was above 9 percent per annum on average. This performance came to an end when the economy was struck by the 1997/98 Asian Financial Crisis, the worst economic crisis Malaysia has ever experienced since independence. Things eventually worsened with the onslaught of the 2008/09 Global Financial Crisis, which dragged the Malaysian economy yet into another round of a recession with the growth rate contracting at 1.5 percent in 2009. On hindsight, these two events, which have had a substantial impact on the state of the Malaysian economy, pointed to several urgent calls for economic reforms, such as the need to address structural weaknesses of the economy and to have a growth target which is both sustainable as well as inclusive. When Datuk Seri Najib Razak became the sixth Prime Minister of Malaysia from April 2009 until May 2018, it was clear that a new approach to economic development for Malaysia had to be crafted. Towards this end, he introduced the National Transformation Policy (NTP), so that the economy can be transformed into one that is of high-income and developed status by the year 2020. He also set a new vision for Malaysia, also known as the 2050 National Transformation, or TN50, which is meant to chart a new course for Malaysia to move into the second half of the 21st century. How successful is this transformational agenda? What are the other issues and challenges which need to be addressed? What important lessons can we learn from this transformational journey? This book is an attempt to address these specific questions by assessing Najib’s economic plans, policies, programmes and vision which evolved during the nine years of his term as the sixth Prime Minister of Malaysia.

OECD Economic Surveys: Malaysia 2021

OECD Economic Surveys: Malaysia 2021
Author: OECD
Publisher: OECD Publishing
Total Pages: 124
Release: 2021-08-12
Genre:
ISBN: 9264801545

Like many other countries, Malaysia was hit hard by the COVID-19 pandemic starting in early 2020. Its past policy prudence has allowed Malaysia to react swiftly and boldly to the public health and economic crisis.

Entrepreneurial Activity in Malaysia

Entrepreneurial Activity in Malaysia
Author: Paul Jones
Publisher: Springer Nature
Total Pages: 234
Release: 2021-09-06
Genre: Business & Economics
ISBN: 3030777537

Despite being the third largest economy in Southeast Asia, Malaysian entrepreneurial activity is under-reported in the scholarly literature. This book extends such research by examining the impact of entrepreneurship on its economy and evaluating the existing systemic problems. The Malaysian economy has benefited from the density of knowledge-based businesses and utilization of the latest technologies in the manufacturing and digital economies. However, Malaysia faces ongoing challenges, namely concentration of wealth in the city, high regional unemployment and workplace gender inequality. In regional areas, there is an over-reliance on agriculture and necessity based entrepreneurship. Consequently, entrepreneurial activity has been encouraged with the creation of eco-systems, seed corn funding and provision of entrepreneurship education to offer entrepreneurial career choices. Providing recommendations and best practice for driving entrepreneurship and entrepreneurial behaviours, this contributed volume presents the first opportunity to reflect on both the success stories and systemic problems related to effective entrepreneurial behaviour in a South East Asian context.