Global Income and Wealth Inequality in Malaysia
Keywords:
Malaysia, Income and Wealth Distribution, Gini Coefficient, methodological framework, socio-economic landscape, intersectionality, wealth dynamics,globalization, comparative analysis, ethical analysis, reflective thinking, policy interventions, financial literacy, corporative social responsibility, small and medium enterprises, inclusive culture, call to action.Abstract
The article examines Malaysia's economic transformation since
independence, focusing on shifts in income and wealth distribution. It discusses the
country's move from agrarian to diversified open economy, emphasizing the
complexities in achieving equitable prosperity. The analysis employs measures like
the Gini coefficient and explores historical, socio-cultural, and policy-driven factors
influencing economic disparities. Comparisons with the Philippines provide
insights, and the article calls for ethical considerations in economic policies. The
conclusion emphasizes the need for targeted interventions, financial literacy, private
sector engagement, and an inclusive approach to foster sustainable economic growth
with equal distribution of benefits
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