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Malaysia needs to work on its human capital development, female labour force participation and productivity — World Bank
Justin Lim March 16, 2021 17:13 pm +08

KUALA LUMPUR (March 16): Malaysia, which is on the verge of crossing the high-income nation threshold, needs to implement strong reforms by investing in human capital, increasing female labour force participation and implementing policy changes that improve productivity growth to boost the country's economic growth in the long run, according to the World Bank.

These are the three areas where it currently lags behind others and requires reforms to mitigate its declining growth rates.

Based on the growth experiences of today’s high-income countries, the World Bank’s long-term growth model suggests that a strong reform package could roughly double Malaysia’s future economic growth rate compared to a projected baseline.

https://www.theedgemarkets.com/artic...—-world-bank