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Malaysia economic monitor: brain drain (English)

This fourth issue of the Malaysia economic monitor is themed Brain Drain. The report reviews recent economic developments, updates the World Bank's view on the economic outlook, and analyzes-in the report's thematic section-how Malaysia can manage brain drain. The report is accompanied by an outreach effort to a wide audience of policymakers, private sector leaders, market participants, civil society, think tanks, journalists and the public at large. The Malaysian economy staged a strong recovery over the course of 2010, but the momentum of growth had progressively weakened over the year. The strong rebound was driven mainly by the domestic private sector, with some support from commodity exports towards year-end. Electronics underperformed, however, raising concerns about underlying competitiveness. Private consumption remained firm, despite flat sequential growth, amid favorable labor and credit market conditions. In line with domestic demand, growth in the services sector was sustained. Industrial production picked up on better performance in domestic-oriented industries, with capacity utilization at normal levels again. Malaysia's positive growth performance was accompanied by a build-up in inflationary pressure and a surge in foreign capital inflows. The intensification of competition in the region provides a call for action. The recent increase as well as geographically concentrated nature of poverty in Malaysia adds further to this urgency.

Details

  • Document Date

    2011/04/01

  • Document Type

    Economic Updates and Modeling

  • Report Number

    61483

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Malaysia,

  • Region

    East Asia and Pacific,

  • Disclosure Date

    2011/05/02

  • Disclosure Status

    Disclosed

  • Doc Name

    Malaysia economic monitor: brain drain

  • Keywords

    Brain Drain;Diaspora;inflation;large amount of capital;impact of brain drain;external demand;inflationary pressure;capacity utilization;domestic demand;private consumption;private sector activity;food price inflation;consumer price inflation;commodity price;capacity utilization rate;global economic recovery;interest rate differential;labor market condition;global recovery;producer price index;foreign direct investment;emerging economy;industrial production;Emerging economies;exchange rate appreciation;exchange rate adjustment;Foreign Exchange Reserve;energy information administration;exchange market intervention;increase in inflation;implementation of reform;protection against import;drag on growth;real estate financing;prices of import;emerging market currency;adverse weather conditions;consumer price index;cost of subsidy;global growth prospects;global food prices;export of goods;demand for capital;quality of education;exchange of good;differences in earnings;beneficial brain drain;private consumption expenditure;net job creation;sustainable growth rate;total factor productivity;current account surplus;geography of poverty;human capital flight;human capital formation;balance of payment;fiscal consolidation episode;nature of poverty;domestic private sector;credit market condition;foreign capital inflow;prices of input;types of firms;higher interest rate;human capital stock;rise in inflation;skill base;output level;public consumption;monetary policy;Macroeconomic Policy;Capital Inflows;credit growth;fixed investment;advanced economy;manufacturing sector;return migration;output gap;export volume;auto industry;capital flow;expenditure component;global commodity;pull factor;cost-push inflation;fiscal deficit;goods export;export price;crude materials;skilled migrant worker;oil price;regional context;asset price;commodity export;historical perspective;real wage;currency appreciation;consumer sentiment;medium-term outlook;migration decision;steep decline;real income;residential property;career prospect;percent change;skilled diaspora;prudential measures;transport equipment;rising inflation;external environment;rice price;external input;rising trend;fuel price;inclusive growth;inflation expectation;intermediate imports;export orders;cross-border supply;portfolio investment;energy commodity;investment climate;stock declining;resident population;external competitiveness;administrative support;inflationary expectation;upward pressure;global liquidity;food production;domestic asset;high commodity;demand-pull factors;metal price;price pressure;transportation cost;price administration;subsidy scheme;retail trade;core inflation;standard deviation;fuel product;cumulative growth;nonalcoholic beverages;manufacturing activities;vegetable oil;regional economy;fiscal authority;fiscal position;inflation rate;kerosene prices;recovery process;international market;job market;business condition;export performance;monetary authority;rising demand;supply disruption;positive growth;global phenomenon;index value;mineral fuel;price rise;excessive rain;vegetable price;price adjustment;domestic consumption;good performance;construction sector;international food;review period;positive spillover;national authority;fiscal austerity;global environment;unemployment rate;innovation policy;management policy;survey respondent;global economy;Innovation Policies;household debt;global competition;banking system;diaspora engagement;manufacturing export;federal government;Talent Pools;net outflow;regional dimension;gross emigration;formative years;fiscal cost;vicious cycle;skill formation;global mobility;Exchange Rates;tax relief;political turmoil;civil society;previous one;push factor;banking sector;Fiscal policies;fiscal policy;baseline forecast;reform implementation;incentive effect;nuclear capacity;reserve requirement;wheat price;high inflation;consumer spend;ethnic group;diaspora effect;skill shortage;immigrant worker;cross-country evidence;outreach effort

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Citation

Malaysia economic monitor: brain drain (English). Malaysia economic monitor Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/282391468050059744/Malaysia-economic-monitor-brain-drain