Malaysia: Asian Development Bank Member Fact Sheet 2018 Updated
Asian Development Bank | July 2019
Abstract
Malaysia has transformed itself from a nation reliant on natural resources into a middle-income country in which services account for half of total output. However, as an open and trade-reliant economy, Malaysia remains vulnerable to international developments. Keeping a sound current account and fiscal consolidation are medium-term challenges, with the Government of Malaysia continuing efforts to boost domestic demand and investments. The government, elected in May 2018, has also announced new directions toward economic restructuring and enhanced productivity.
Under the 11th Malaysia Plan, the country aims to reach high-income status by 2020, but initiatives to achieve this goal have encountered challenges. The midterm review of the plan outlined a need to realign strategies to improve the well-being of the country’s people. New directions of the government include (i) increasing competitiveness; (ii) empowering human capital; (iii) promoting balanced regional development and inclusive development; (v) improving governance towards greater transparency and efficiency in public services; and (vi) enhancing environmental sustainability.
Citation
Asian Development Bank. 2019. Malaysia: Asian Development Bank Member Fact Sheet 2018 Updated. © Asian Development Bank. http://hdl.handle.net/11540/10817.Keywords
Development Planning
Development Research
Technology Development
Aid And Development
Asian Development Bank
Comprehensive Development Framework
Development Cooperation
Development Management
Development Planning
Development Strategies
Development Research
Green revolution
Development strategy
Development models
Economic development
New technology
Rural planning
Aid coordination
Industrial projects
Infrastructure projects
Natural resources policy
Educational development
Absorptive capacity
Rural planning
Regional development bank
Project finance
Strategic planning
Infrastructure projects
Government programs
Public finance
Public enterprises
Development
Economics
Development In East Asia
Development Planning
Development Research
Technology Development
Aid And Development
Asian Development Bank
Comprehensive Development Framework
Development Cooperation
Development Management
Development Planning
Development Strategies
Development strategy
Development models
Economic development
New technology
Rural planning
Aid coordination
Industrial projects
Infrastructure projects
Natural resources policy
Educational development
Absorptive capacity
Economic development projects
Economic forecasting
Economic development projects
Municipal government
Technology transfer
Exchanges of patents and technical information
Technical education
Technology
Communication in rural development
Communication in community development
Economic development projects
Development banks
Economic forecasting
Environmental auditing
Cumulative effects assessment
Human rights and globalization
Transfer Technocracy
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