Publication:
Malaysia Economic Monitor, December 2014 : Towards a Middle-Class Society

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2014-12-31T16:38:35Z
dc.date.available2014-12-31T16:38:35Z
dc.date.issued2014-12
dc.description.abstractMalaysia has in many ways become a success story in shared prosperity. Shared prosperity means that all households experience income growth, but growth is higher for those households at the bottom of the distribution, a pattern that leads to lower inequality. In the past 40 years, Malaysia drew on its natural resources to nearly eradicate absolute poverty, from 49 percent in 1970 to 1 percent in 2014. The number of Malaysians vulnerable to falling into absolute poverty has also declined in this period. To accelerate Malaysia s transformation into a middle-class society, Malaysia may consider prioritizing reforms that: (i) close the educational achievement gaps at the post-secondary levels by compensating for family background, including pursuing universal pre-primary enrolment and otherpolicies to boost the quality of the poorest performing schools; (ii) provide more demand-driven post-secondary skills training for those already in the labor markets; (iii) create an integrated social safety net including both social insurance mechanisms to protect households against shocks and old age (for example by introducing unemployment insurance and redirecting subsidy savings to matching contributions to retirement accounts), and higher levels of social transfers (by consolidating, improving targeting, and increasing benefits of existing programs); and (iv) this safety net may be financed through more progressive tax policy (for example by reviewing the top marginal personal income tax rate and expanding the number of taxpayers).en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/12/23035132/malaysia-economic-monitor-towards-middle-class-society
dc.identifier.doi10.1596/21057
dc.identifier.urihttps://hdl.handle.net/10986/21057
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectADVANCED ECONOMIES
dc.subjectAGRICULTURAL COMMODITY
dc.subjectASSET CLASSES
dc.subjectASSET PRICE
dc.subjectASSET QUALITY
dc.subjectBALANCE OF PAYMENTS
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBASIS POINTS
dc.subjectBLUE CHIPS
dc.subjectCAPITAL FLOW
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL OUTFLOWS
dc.subjectCAPITAL RATIO
dc.subjectCAPITAL SECURITIES
dc.subjectCASH FLOW
dc.subjectCASH TRANSFERS
dc.subjectCENTRAL BANK
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMMODITY EXPORT
dc.subjectCOMMODITY EXPORTS
dc.subjectCOMMODITY PRICES
dc.subjectCONSUMER PRICE INFLATION
dc.subjectCONSUMERS
dc.subjectCREDIBILITY
dc.subjectCREDIT CARDS
dc.subjectCREDIT GROWTH
dc.subjectCURRENT ACCOUNT BALANCE
dc.subjectCURRENT ACCOUNT SURPLUS
dc.subjectDEBT
dc.subjectDEBT LEVELS
dc.subjectDEBT SECURITIES
dc.subjectDEBT SECURITIES MARKET
dc.subjectDEFICITS
dc.subjectDEPOSIT
dc.subjectDEPOSITOR
dc.subjectDEPOSITS
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT POLICIES
dc.subjectDIRECT INVESTMENT
dc.subjectDISBURSEMENTS
dc.subjectDIVIDEND
dc.subjectDIVIDEND PAYMENTS
dc.subjectDIVIDEND POLICY
dc.subjectDIVIDENDS
dc.subjectDOLLAR VALUE
dc.subjectDOMESTIC CURRENCY
dc.subjectDOMESTIC ECONOMY
dc.subjectECONOMETRIC ANALYSIS
dc.subjectECONOMIC COOPERATION
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC RESEARCH
dc.subjectECONOMICS RESEARCH
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectENTRY POINT
dc.subjectEQUIPMENT
dc.subjectEQUITIES
dc.subjectEQUITY FINANCING
dc.subjectEQUITY FLOWS
dc.subjectEQUITY INVESTMENTS
dc.subjectEXCESS LIQUIDITY
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPORT GROWTH
dc.subjectEXPORTERS
dc.subjectFINANCES
dc.subjectFINANCIAL ASSETS
dc.subjectFINANCIAL RISKS
dc.subjectFINANCIAL VOLATILITY
dc.subjectFISCAL CONSOLIDATION
dc.subjectFISCAL POLICY
dc.subjectFIXED CAPITAL
dc.subjectFIXED INVESTMENT
dc.subjectFOOD PRICES
dc.subjectFORECASTS
dc.subjectFOREIGN CURRENCIES
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN DIRECT INVESTMENTS
dc.subjectFOREIGN EQUITY
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE RESERVE
dc.subjectFOREIGN HOLDINGS
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN PORTFOLIO
dc.subjectFUND INFORMATION
dc.subjectFUTURES
dc.subjectGDP
dc.subjectGINI COEFFICIENT
dc.subjectGLOBAL ECONOMIC PROSPECTS
dc.subjectGLOBAL INVESTORS
dc.subjectGLOBAL PORTFOLIO
dc.subjectGLOBAL PORTFOLIOS
dc.subjectGLOBAL RISK
dc.subjectGLOBAL TRADE
dc.subjectGOVERNMENT BOND
dc.subjectGOVERNMENT BOND YIELDS
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT DEBT SECURITIES
dc.subjectGOVERNMENT SECURITIES
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROSS FIXED CAPITAL FORMATION
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHOLDING
dc.subjectHOME COUNTRY
dc.subjectHOME OWNERSHIP
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD WEALTH
dc.subjectHOUSING LOAN
dc.subjectINCOME
dc.subjectINCOME GROUPS
dc.subjectINCOME GROWTH
dc.subjectINCOME INEQUALITY
dc.subjectINCOME MEASURES
dc.subjectINCOME SHOCKS
dc.subjectINCOME TAX
dc.subjectINCOME TAXES
dc.subjectINCOMES
dc.subjectINEQUALITY MEASURES
dc.subjectINFLATION RATE
dc.subjectINFLATIONARY PRESSURE
dc.subjectINFLATIONARY PRESSURES
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINSURANCE
dc.subjectINTEREST INCOME
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTEREST RATES ON MORTGAGE
dc.subjectINTERNATIONAL COOPERATION
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL LABOUR ORGANIZATION
dc.subjectINTERNATIONAL RESERVES
dc.subjectINTERNATIONAL SETTLEMENTS
dc.subjectINTERNATIONAL TRADE
dc.subjectINVENTORIES
dc.subjectINVESTMENT INCOME
dc.subjectINVESTMENT PROJECTS
dc.subjectISLAMIC INSTRUMENTS
dc.subjectISSUANCE
dc.subjectISSUANCES
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLARGE-SCALE INVESTMENT
dc.subjectLIQUIDITY
dc.subjectLOCAL BUSINESSES
dc.subjectMARKET PRICES
dc.subjectMATURITY
dc.subjectMICROENTERPRISES
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectMIDDLE-INCOME COUNTRY
dc.subjectMONETARY FUND
dc.subjectMONETARY POLICY
dc.subjectMORTGAGE
dc.subjectMORTGAGE DEBT
dc.subjectMORTGAGE LOANS
dc.subjectNATIONAL INCOME
dc.subjectNATURAL RESOURCES
dc.subjectNET CAPITAL
dc.subjectNON-PERFORMING LOANS
dc.subjectOIL PRICES
dc.subjectOUTPUT
dc.subjectOUTPUT GAP
dc.subjectPENSION
dc.subjectPENSIONS
dc.subjectPERSONAL INCOME
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO FLOWS
dc.subjectPORTFOLIO INVESTMENT
dc.subjectPOWER PARITY
dc.subjectPRIVATE DEBT
dc.subjectPRIVATE INVESTMENT
dc.subjectPRODUCTIVE INVESTMENTS
dc.subjectPROVIDENT FUND
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC SECTOR DEFICIT
dc.subjectPURCHASING POWER
dc.subjectQUALITY OF ASSETS
dc.subjectREAL ESTATE
dc.subjectREAL GDP
dc.subjectREAL INTEREST
dc.subjectREAL INTEREST RATES
dc.subjectREMITTANCES
dc.subjectRESERVE
dc.subjectRETURN
dc.subjectRISK AVERSION
dc.subjectSAVINGS
dc.subjectSECURITIES MARKET
dc.subjectSHARE OF INVESTMENT
dc.subjectSHORT-TERM EXTERNAL DEBT
dc.subjectSKILLS SHORTAGES
dc.subjectSOCIAL PROTECTION
dc.subjectSOCIAL SAFETY NET
dc.subjectSTOCK MARKET
dc.subjectSTOCK MARKET CAPITALIZATION
dc.subjectSTOCK PRICE
dc.subjectSTOCK PRICES
dc.subjectSTOCKS
dc.subjectSWAPS
dc.subjectSYSTEMIC RISK
dc.subjectTAX
dc.subjectTAX COLLECTIONS
dc.subjectTAX POLICY
dc.subjectTAX RATE
dc.subjectTAX SYSTEM
dc.subjectTAXATION
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRADE BALANCE
dc.subjectTRADING
dc.subjectTREASURIES
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectVOLATILITY
dc.subjectWAGE GROWTH
dc.subjectWAGES
dc.subjectWORKING CAPITAL
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.subjectWORLD TRADE
dc.titleMalaysia Economic Monitor, December 2014 : Towards a Middle-Class Societyen
dspace.entity.typePublication
okr.date.disclosure2014-12-17
okr.date.doiregistration2025-05-05T12:41:51.396486Z
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/2014/12/23035132/malaysia-economic-monitor-towards-middle-class-society
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.guid524381468046492426
okr.identifier.externaldocumentum000333037_20141217021308
okr.identifier.internaldocumentum23035132
okr.identifier.report93237
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/12/17/000333037_20141217021308/Rendered/PDF/932370WP0P1528010MiddleClassSociety.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryMalaysia
okr.sectorPublic Administration, Law, and Justice :: General public administration sector
okr.sectorHealth and other social services :: Other social services
okr.sectorIndustry and trade
okr.themeEconomic management :: Analysis of economic growth
okr.themeEconomic management :: Macroeconomic management
okr.themeSocial protection and risk management :: Social safety nets
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicEconomic Theory and Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth
okr.unitMacro & Fiscal Mgmt - GP (GMFDR)
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