Malaysia's Socio-Economic Transformation

Download or read book Malaysia's Socio-Economic Transformation written by Sanchita Basu Das and published by Institute of Southeast Asian Studies. This book was released on 2014-08-06 with total page 477 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1957, Malaysia’s economic development has been an account of growth, transformation, and of structural change. More than 75 per cent of its gross domestic product (GDP) comes from the manufacturing and services sectors. However, Malaysia is stuck in a middle-income trap and is facing challenges on the economic and political front. In June 2010, Prime Minister Najib Razak unveiled the 10th Malaysian Plan (2011-15) to chart the development of Malaysia from a middle- to high-income nation. This publication represents a policy-oriented stocktake and evaluation by academics, policy-makers, and business people on Malaysia’s achievements, present work-in-progress endeavours, and some of the future challenges facing the nation in its pursuit to achieve a developed high-income country status.