The World Bank‟s partnership with Malaysia.
Knowledge-sharing & centered on supporting the
Government‟s vision of bringi...
 In 2009, the Government of Malaysia & The
World Bank signed a 3 years Partnership
Agreement for advisory services.
 Sin...
Malaysia‟s economy
expanded to 5.1 %
in 2011.
GDP is expected to
continue to expand
healthily in 2012 by
4.6 % in 2012
Ass...
“Requires of transformation of types of jobs available”.
Anette Dixon, World Bank Country Director for Malaysia
 What is ...
 The World Bank supports the Government's New Economic Model
recommendation in education system.
 Malaysia also benefite...
 Recent trends in Malaysia‟s labour markets are
encouraging.
 Unemployment has been low, more young people
receiving hig...
 The challenge of creating modern jobs is closely related to
the challenges for Malaysia‟s overall economic
transformatio...
 Labor markets can be modernized to be more dynamic while
creating greater inclusiveness and providing protection for
wor...
Malaysia to post steady growth in 2012,  ‘Modern jobs’ at the core of Malaysia’s transformation into a High Income Country
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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

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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

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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

  1. 1. 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.
  2. 2.  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.
  3. 3. 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.
  4. 4. “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
  5. 5.  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.
  6. 6.  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
  7. 7.  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.
  8. 8.  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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