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Towards the sustainable development by 2020: Malaysia perspective on economic growth and wellbeing

This paper has prioritizes on the impact of national growth on wellbeing. This is a review paper that contributes to define the 14 components of Malaysia Wellbeing Index (MWI, 2012) and its relation to country’s economic growth (the Gross Domestic Products (GSP)). The aim is to introduce and analyse...

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Main Authors: Shahrizal, Abd Shatar, Md. Salimun, Husni Alhan, Abu Hassan, Norihan, Ba Qutayan, Shadiya Mohamed Saleh
Format: Article
Published: Social Science Research Network 2016
Subjects:
T Technology
Online Access:http://eprints.utm.my/id/eprint/67020/
http://www.ajtp.us/
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spelling my.utm.670202017-11-20T08:52:05Z http://eprints.utm.my/id/eprint/67020/ Towards the sustainable development by 2020: Malaysia perspective on economic growth and wellbeing Shahrizal, Abd Shatar Md. Salimun, Husni Alhan Abu Hassan, Norihan Ba Qutayan, Shadiya Mohamed Saleh T Technology This paper has prioritizes on the impact of national growth on wellbeing. This is a review paper that contributes to define the 14 components of Malaysia Wellbeing Index (MWI, 2012) and its relation to country’s economic growth (the Gross Domestic Products (GSP)). The aim is to introduce and analyse the 10th Malaysia Plan (10MP), the 11th Malaysia plan Strategic Thrusts, achievement from macroeconomic indicators, average monthly incomes, Malaysia Wellbeing Index, and the sustainability by 2020. The findings are of a great value to both theory and practice and have important implications for the country growth. Furthermore, the paper argues that although MWI projected to increase about 1.7% per year with estimated growth of 5-6% every year from 2016-2020, some challenges are expected to undermine the target set by Economic Planning Unit (EPU) if not given a proper attention. Furthermore, the study shared few wellbeing indicators that used internationally, which only concerned about material aspects and outcomes without looking into the spiritual part of wellbeing. This paper concludes with possibilities for future study to consider the importance of spiritual aspect in the wellbeing index. Social Science Research Network 2016-01-12 Article PeerReviewed Shahrizal, Abd Shatar and Md. Salimun, Husni Alhan and Abu Hassan, Norihan and Ba Qutayan, Shadiya Mohamed Saleh (2016) Towards the sustainable development by 2020: Malaysia perspective on economic growth and wellbeing. American Journal of Trade and Policy (AJTP), 3 (2). pp. 1-10. ISSN 2313-4755 http://www.ajtp.us/
institution Universiti Teknologi Malaysia
building UTM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Malaysia
content_source UTM Institutional Repository
url_provider http://eprints.utm.my/
topic T Technology
spellingShingle T Technology
Shahrizal, Abd Shatar
Md. Salimun, Husni Alhan
Abu Hassan, Norihan
Ba Qutayan, Shadiya Mohamed Saleh
Towards the sustainable development by 2020: Malaysia perspective on economic growth and wellbeing
description This paper has prioritizes on the impact of national growth on wellbeing. This is a review paper that contributes to define the 14 components of Malaysia Wellbeing Index (MWI, 2012) and its relation to country’s economic growth (the Gross Domestic Products (GSP)). The aim is to introduce and analyse the 10th Malaysia Plan (10MP), the 11th Malaysia plan Strategic Thrusts, achievement from macroeconomic indicators, average monthly incomes, Malaysia Wellbeing Index, and the sustainability by 2020. The findings are of a great value to both theory and practice and have important implications for the country growth. Furthermore, the paper argues that although MWI projected to increase about 1.7% per year with estimated growth of 5-6% every year from 2016-2020, some challenges are expected to undermine the target set by Economic Planning Unit (EPU) if not given a proper attention. Furthermore, the study shared few wellbeing indicators that used internationally, which only concerned about material aspects and outcomes without looking into the spiritual part of wellbeing. This paper concludes with possibilities for future study to consider the importance of spiritual aspect in the wellbeing index.
format Article
author Shahrizal, Abd Shatar
Md. Salimun, Husni Alhan
Abu Hassan, Norihan
Ba Qutayan, Shadiya Mohamed Saleh
author_facet Shahrizal, Abd Shatar
Md. Salimun, Husni Alhan
Abu Hassan, Norihan
Ba Qutayan, Shadiya Mohamed Saleh
author_sort Shahrizal, Abd Shatar
title Towards the sustainable development by 2020: Malaysia perspective on economic growth and wellbeing
title_short Towards the sustainable development by 2020: Malaysia perspective on economic growth and wellbeing
title_full Towards the sustainable development by 2020: Malaysia perspective on economic growth and wellbeing
title_fullStr Towards the sustainable development by 2020: Malaysia perspective on economic growth and wellbeing
title_full_unstemmed Towards the sustainable development by 2020: Malaysia perspective on economic growth and wellbeing
title_sort towards the sustainable development by 2020: malaysia perspective on economic growth and wellbeing
publisher Social Science Research Network
publishDate 2016
url http://eprints.utm.my/id/eprint/67020/
http://www.ajtp.us/
_version_ 1643655881950232576
score 13.211869

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