Malaysia’s Experience with Poverty Reduction : Lessons for Bangladesh
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Date
2014-12
Journal Title
Journal ISSN
Volume Title
Publisher
Centre for Research on Islamic Management and Business
Abstract
Malaysia is experiencing a prominent and promising economic rise and has set
many instances of development of not only social enterprises but also a total
development. This paper is penned with a view to approaching some facts and
figures concerned to the Development Policy of Malaysia, and then to furnish some
policy prescriptions for the development of Bangladesh. This is all through a
conceptual paper where the review of relevant literatures has been made. It has been
evidenced that, in 37 years, poverty incidence has dropped about 48.4%. Not only
that, the incidence has come down at 1.7% in 2012 in peninsular Malaysia when it
was 49.3% in 1970. The number of poor households diminished from 1.6 million in
1970 to about 574,000 in 1990 and 228,400 in 2009. The decline in poverty
incidence was considerably contributed by high and sustained economic growth
during the period, which averaged 6-7% per annum. Some industries, particularly
Tourism, have inspired many Malaysians to convert their houses into sales centers.
Well framed policy, Political goodwill and stability, Well round trade-offs made
many impossible possible in Malaysia.
Description
Keywords
National Development Policy of Malaysia, Poverty Reduction, Sustainable Economic Growth, Developing Social Enterprises
Citation
Vol. 2, No. 2, December 2014, Page 105-116