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Malaysia to post steady growth in 2012,  ‘Modern jobs’ at the core of Malaysia’s transformation into a High Income Country
The World Bank‟s partnership with Malaysia.
Knowledge-sharing & centered on supporting the
Government‟s vision of bringing Malaysia among
the ranks of high income economies.
Malaysia has chosen not to borrow from the Bank
since 1999 & reimburses the Bank for the advisory
services provided.
 In 2009, the Government of Malaysia & The
World Bank signed a 3 years Partnership
Agreement for advisory services.
 Since then, the World Bank and Malaysia
collaborated on a number of projects in the
areas of human development &
competitiveness.
Malaysia‟s economy
expanded to 5.1 %
in 2011.
GDP is expected to
continue to expand
healthily in 2012 by
4.6 % in 2012
Assuming economic
recovery pick
up, 5.1% in 2013
THE ULTIMATE GOAL :
Becoming a high-income country‟s
Support higher and more secure incomes for
Malaysian households.
“Requires of transformation of types of jobs available”.
Anette Dixon, World Bank Country Director for Malaysia
 What is Modern Job ?
 Involves in a higher and more diverse set of
skills such as communication, problem
solving and proficiency in modern
information technology.
Modern firms in high income economy:
-Productivity
-Talent of employees
 The World Bank supports the Government's New Economic Model
recommendation in education system.
 Malaysia also benefited :
-Complementing its talent from abroad.
 Measures increase competition in the economy…
-Firms will have to modernize.
 Recent trends in Malaysia‟s labour markets are
encouraging.
 Unemployment has been low, more young people
receiving higher education
 More women have careers
 More high-skilled jobs are being created.
- Mathew Verghis, World Bank Lead Economist
for Southeast Asia
 The challenge of creating modern jobs is closely related to
the challenges for Malaysia‟s overall economic
transformation.
- link between productivity and wages force
to high wages.
- Malaysia„s wage rates such as well-
designed minimum wage.
 Nurturing, attracting and retaining skills lie at the core of
creating modern jobs.
 Labor markets can be modernized to be more dynamic while
creating greater inclusiveness and providing protection for
workers.
-Reducing redundancy costs and introducing
unemployment and other social insurance to
protect workers, not jobs.
- Promoting flexible work arrangements, complemented by
adequate childcare, to tap on women – a great untapped source
of skills in Malaysia.

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Malaysia to post steady growth in 2012, ‘Modern jobs’ at the core of Malaysia’s transformation into a High Income Country

  • 2. The World Bank‟s partnership with Malaysia. Knowledge-sharing & centered on supporting the Government‟s vision of bringing Malaysia among the ranks of high income economies. Malaysia has chosen not to borrow from the Bank since 1999 & reimburses the Bank for the advisory services provided.
  • 3.  In 2009, the Government of Malaysia & The World Bank signed a 3 years Partnership Agreement for advisory services.  Since then, the World Bank and Malaysia collaborated on a number of projects in the areas of human development & competitiveness.
  • 4. Malaysia‟s economy expanded to 5.1 % in 2011. GDP is expected to continue to expand healthily in 2012 by 4.6 % in 2012 Assuming economic recovery pick up, 5.1% in 2013 THE ULTIMATE GOAL : Becoming a high-income country‟s Support higher and more secure incomes for Malaysian households.
  • 5. “Requires of transformation of types of jobs available”. Anette Dixon, World Bank Country Director for Malaysia  What is Modern Job ?  Involves in a higher and more diverse set of skills such as communication, problem solving and proficiency in modern information technology. Modern firms in high income economy: -Productivity -Talent of employees
  • 6.  The World Bank supports the Government's New Economic Model recommendation in education system.  Malaysia also benefited : -Complementing its talent from abroad.  Measures increase competition in the economy… -Firms will have to modernize.
  • 7.  Recent trends in Malaysia‟s labour markets are encouraging.  Unemployment has been low, more young people receiving higher education  More women have careers  More high-skilled jobs are being created. - Mathew Verghis, World Bank Lead Economist for Southeast Asia
  • 8.  The challenge of creating modern jobs is closely related to the challenges for Malaysia‟s overall economic transformation. - link between productivity and wages force to high wages. - Malaysia„s wage rates such as well- designed minimum wage.  Nurturing, attracting and retaining skills lie at the core of creating modern jobs.
  • 9.  Labor markets can be modernized to be more dynamic while creating greater inclusiveness and providing protection for workers. -Reducing redundancy costs and introducing unemployment and other social insurance to protect workers, not jobs. - Promoting flexible work arrangements, complemented by adequate childcare, to tap on women – a great untapped source of skills in Malaysia.