Malaysia's Socio-Economic Transformation

Since 1957 Malaysia's economic development has been an account of growth transformation and of structural change. More than 75 per cent of its gross domestic product (GDP) comes from the manufacturing and services sectors. However Malaysia is stuck in a middle-income trap and is facing challenges on the economic and political front. In June 2010 Prime Minister Najib Razak unveiled the 10th Malaysian Plan (2011-15) to chart the development of Malaysia from a middle- to high-income nation. This publication represents a policy-oriented stocktake and evaluation by academics policy-makers and business people on Malaysia's achievements present work-in-progress endeavours and some of the future challenges facing the nation in its pursuit to achieve a developed high-income country status.