Topic 2: Overview of Structural Transformation of the Malaysian Economy PDF

Topic 2- An Overview of the Structural Transformation of the Malaysian Economy ECON 3010  Growth and Structural Change The Malaysian economy has undergone considerable structural change since independence. The primary sectors dominated the economy since 19...

Topic 2- An Overview of the Structural Transformation of the Malaysian Economy ECON 3010  Growth and Structural Change The Malaysian economy has undergone considerable structural change since independence. The primary sectors dominated the economy since 1960s and the 1970s. Rapid industrialization transformed the economic structure so that manufacturing became the leading contributor to GDP from mid-1980s. Trend of de-industrialization after the turn of the millaneum Growing importance of the services sector  Growth and Structural Change Sources of growth: massive inflow of foreign direct investment from Japan, Korea, Taiwan and Singapore the Plaza Accord of 1985 the withdrawal of the Generalized System of Preferences (GSP) from Korea, Taiwan, Hong Kong and Singapore in February 1988 depreciation in the Ringgit the introduction of generous incentives Growth and Structural Change  Growth and Structural Change GDP by Economic Activity Growth and Structural Change Growth and Structural Change Growth and Structural Change Growth and Structural Change Growth and Structural Change Growth and Structural Change Sectoral Contribution in Malaysia at Constant 2010 prices Peninsular Malaysia: Composition of GDP by Sector (%) 1990-2016 Export Diversification in Malaysia, 1990 and 2015 (% of total exports)