Malaysia's economic success story and challenges:
Malaysia has sustained over four decades of rapid, inclusive growth, reducing its dependence on agriculture and commodity exports to become a more diversified, modern and open economy. GDP per capita is now higher than in a number of OECD economies, while poverty and income inequality have declined...
Gespeichert in:
| 1. Verfasser: | |
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| Weitere Verfasser: | , , , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2017
|
| Schriftenreihe: | OECD Economics Department Working Papers
no.1369 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Malaysia has sustained over four decades of rapid, inclusive growth, reducing its dependence on agriculture and commodity exports to become a more diversified, modern and open economy. GDP per capita is now higher than in a number of OECD economies, while poverty and income inequality have declined considerably. Growth has also been remarkably resilient in the face of external shocks. Going forward, the Malaysian government's 11th Malaysia Plan (2016-20) emphasises the need for greater inclusiveness. Continued, gradual fiscal consolidation is a key policy priority, building on earlier energy and food subsidy rationalisation and on the introduction of a goods and services tax. So is continued prudent monetary and financial policy. Further reforms are needed for Malaysia to become a high-income nation around 2020: productivity growth needs to be reinvigorated through various structural reforms while growth needs to become more inclusive. |
| Beschreibung: | 1 Online-Ressource (52 p.) |
| DOI: | 10.1787/cf7fddf2-en |
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| spelling | Koen, Vincent VerfasserIn aut Malaysia's economic success story and challenges Vincent, Koen ... [et al] = Succès et défis économiques de la Malaisie / Vincent, Koen ... [et al] Succès et défis économiques de la Malaisie Paris OECD Publishing 2017 1 Online-Ressource (52 p.) Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1369 Malaysia has sustained over four decades of rapid, inclusive growth, reducing its dependence on agriculture and commodity exports to become a more diversified, modern and open economy. GDP per capita is now higher than in a number of OECD economies, while poverty and income inequality have declined considerably. Growth has also been remarkably resilient in the face of external shocks. Going forward, the Malaysian government's 11th Malaysia Plan (2016-20) emphasises the need for greater inclusiveness. Continued, gradual fiscal consolidation is a key policy priority, building on earlier energy and food subsidy rationalisation and on the introduction of a goods and services tax. So is continued prudent monetary and financial policy. Further reforms are needed for Malaysia to become a high-income nation around 2020: productivity growth needs to be reinvigorated through various structural reforms while growth needs to become more inclusive. Economics Malaysia Asada, Hidekatsu MitwirkendeR ctb Nixon, Stewart MitwirkendeR ctb Rizwan Habeeb Rahuman, Mohamed MitwirkendeR ctb Arif, A.Z. MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/cf7fddf2-en Volltext |
| spellingShingle | Koen, Vincent Malaysia's economic success story and challenges Economics Malaysia |
| title | Malaysia's economic success story and challenges |
| title_alt | Succès et défis économiques de la Malaisie |
| title_auth | Malaysia's economic success story and challenges |
| title_exact_search | Malaysia's economic success story and challenges |
| title_full | Malaysia's economic success story and challenges Vincent, Koen ... [et al] = Succès et défis économiques de la Malaisie / Vincent, Koen ... [et al] |
| title_fullStr | Malaysia's economic success story and challenges Vincent, Koen ... [et al] = Succès et défis économiques de la Malaisie / Vincent, Koen ... [et al] |
| title_full_unstemmed | Malaysia's economic success story and challenges Vincent, Koen ... [et al] = Succès et défis économiques de la Malaisie / Vincent, Koen ... [et al] |
| title_short | Malaysia's economic success story and challenges |
| title_sort | malaysia s economic success story and challenges |
| topic | Economics Malaysia |
| topic_facet | Economics Malaysia |
| url | https://doi.org/10.1787/cf7fddf2-en |
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