What is it about?
The article explores the complex challenges faced by Malaysia's economy in the wake of the COVID-19 pandemic. It focuses on analyzing the impact of the pandemic on key economic indicators such as GDP growth, unemployment, and inflation. The study also examines the effectiveness of government interventions, such as stimulus packages, in supporting economic recovery. Additionally, it delves into the role of technology, digital transformation, and sustainable practices in constructing a resilient and sustainable economy for Malaysia.
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Why is it important?
This research is crucial because it addresses the urgent need to rebuild and sustain Malaysia's economy in a post-pandemic world. By identifying the sectors most affected by the pandemic and evaluating the success of government policies, the study provides valuable insights for policymakers, businesses, and stakeholders to make informed decisions. Furthermore, it highlights the importance of incorporating technology and sustainable practices to ensure long-term economic resilience and growth.
Perspectives
The study offers a multifaceted perspective on economic recovery, emphasizing the need for a balanced approach that includes: Economic Resilience: Strengthening the economy's ability to withstand future shocks by diversifying and supporting key sectors. Sustainability: Promoting environmentally friendly practices and investing in green technology to align with global climate goals. Digital Transformation: Leveraging technology to enhance productivity, innovation, and competitiveness in various industries. Inclusive Growth: Ensuring that recovery efforts benefit all segments of society, including vulnerable populations, by fostering social equity and inclusive policies. This comprehensive approach aims to guide Malaysia toward a sustainable and resilient economic future.
Assoc Prof, Dr. Sanmugam Annamalah
SEGi University Kota Damansara
Read the Original
This page is a summary of: Navigating the Malaysian dilemma: Constructing a sustainable economy in the post-COVID-19 era, Journal of Infrastructure Policy and Development, August 2024, EnPress Publisher,
DOI: 10.24294/jipd.v8i8.5771.
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