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The average household income of Malaysia increased by 18% to RM5,900 a month, compared to RM5,000 in 2012. According to a HSBC report in 2012, Malaysia will become the world's 21st largest economy by 2050, with a GDP of $1.2 trillion (Year 2000 dollars) and a GDP per capita of $29,247 (Year 2000 dollars).
The Northern Corridor Economic Region ( NCER; Malay: Wilayah Ekonomi Koridor Utara ), commonly referred to as the Northern Corridor ( Malay: Koridor Utara) is a development plan encompassing the four northwestern states of Malaysia, namely Perlis, Penang, Kedah and Perak. It was launched in 2007 by the federal government with an aim to ...
Federalism in Malaysia took a more concrete form with the establishment of the Federation of Malaya. The merger of Malaya with Singapore, North Borneo (now Sabah) and Sarawak further complicated the situation. As of 2008, although Malaysia is a de jure federation, many perceive it as a de facto unitary state.
Malaysian New Economic Policy. The New Economic Policy ( NEP) ( Malay: Dasar Ekonomi Baru (DEB)) was a social re-engineering and affirmative action program formulated by the National Operations Council (NOC) in the aftermath of the 13 May Incident in Malaysia. This policy was adopted in 1971 for a period of 20 years and it was succeeded by the ...
Economic mobility is the ability of an individual, family or some other group to improve (or lower) their economic status—usually measured in income. Economic mobility is often measured by movement between income quintiles. Economic mobility may be considered a type of social mobility, which is often measured in change in income.
History of Malaysia. Since its formation in 1963, Malaysia 's economic performance has been one of Asia's best. Real gross domestic product (GDP) grew by an average of 6.5% per year from 1957 to 2005. Performance peaked in the early 1980s through the mid-1990s, as the economy experienced sustained rapid growth averaging almost 8% annually.
Iskandar Malaysia (Jawi: إسکندر مليسيا), formerly known as Iskandar Development Region (IDR; Malay: Wilayah Pembangunan Iskandar; Jawi: ولايه ڤمباڠونن اسكندر) and South Johor Economic Region (SJER; Malay: Wilayah Ekonomi Johor Selatan; Jawi: ولايه ايكونومي جوهر سلاتن), is the main southern development corridor in Johor, Malaysia.
The Ministry of Economy ( Malay: Kementerian Ekonomi) is a ministry under the Malaysian government. The ministry was formed on 21 May 2018, as part of economic reforms by Prime Minister Mahathir Mohamad. The Ministry was reinstated and renamed to the Ministry of Economy in the Anwar Ibrahim cabinet. The current Minister of Economy has been ...