INTRODUCTION TO MALAYSIAN ECONOMY

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INTRODUCTION TO MALAYSIAN ECONOMY by Mind Map: INTRODUCTION TO MALAYSIAN ECONOMY

1. Economic growth

1.1. Defination: the increase in the amount of final goods and services produced by an economy over time

1.2. Factors

1.2.1. Abundant natural resources

1.2.2. Newly- Industrialized and diverse market economy

1.2.3. Young, educated, skillful labour force

1.2.4. Infrastucture and efficient economic organization

1.2.5. Inward investment level

1.2.6. Labour mobility

1.2.7. Savings levels

1.2.8. Corruption levels

1.2.9. Politicial and social stability

2. Economic Development

2.1. Positive changes

2.1.1. Socio-economic changes

2.1.1.1. Human capital development

2.1.1.2. Infrastructure development

2.1.1.3. Regional competitiveness

2.1.1.4. Environmental sustainability

2.1.1.5. Poverty reduction

2.1.1.6. Equitable income distribution

2.1.1.7. Enhanced healthcare

2.1.1.8. Improved safety

2.1.1.9. Literacy development

2.1.1.10. Social amenities

2.1.2. Technical changes

2.1.2.1. Technological development

2.1.2.2. Innovation

2.1.2.3. Research

2.1.2.4. Other initiatives

2.2. Economic growth

2.2.1. Quantitative

3. Economy

3.1. Conventional

3.1.1. Materialism

3.2. Islamic

3.2.1. Islamic beliefs

4. Economic development goals

4.1. Improved in per capita income

4.2. Quality of life improvement

4.3. Reduced imbalance in regions development

4.4. Reduced imbalance between traditional & modern sectors

4.5. Improved basic needs

4.6. Solved environmental problems

5. Indicators of economic development

5.1. rising in standard living

5.2. improvement in GDP per capita

5.3. increasing in literacy rate

5.4. improved healthcare

5.5. sustainable development

5.6. balanced development

6. Effects of economic development

6.1. Long term environmental implications

6.2. Economic problems

6.3. Income Inequality

6.4. Social problems

7. Human Development Index

7.1. summary measure of average achievement in key dimensions of human development