Malaysia Economic Monitor, December 2013 : High-Performing Education
Malaysia's economy regained momentum but yearly growth is set to decelerate in 2013. Export recovery into 2014 is expected to offset slower domestic demand and lead to a pick-up in growth. Fiscal consolidation is picking up pace with subsidy c...
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| Format: | Economic Updates and Modeling |
| Language: | English en_US |
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World Bank, Bangkok
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2013/12/18645043/malaysia-economic-monitor-high-performing-education http://hdl.handle.net/10986/16705 |
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okr-10986-16705 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English en_US |
| topic |
ADVANCED ECONOMIES AGRICULTURAL COMMODITIES AGRICULTURAL COMMODITY ANNUAL GROWTH ASSET POSITION ASSET QUALITY ASSETS BALANCE OF PAYMENTS BANK DEBT BANKING SECTOR BANKING SYSTEM BASIS POINTS BENCHMARK BENCHMARK INTEREST RATE BENEFICIARIES BILLS BUDGETING CAPITAL GOODS CAPITAL INFLOWS CAPITAL MARKETS CAPITAL OUTFLOWS CAPITAL SECURITIES CASH TRANSFERS CENTRAL BANK COMMODITY PRICES COMPETITIVENESS CONSOLIDATION CONSUMER GOODS CONSUMER PRICE INDEX CONSUMER PRICE INFLATION CONSUMPTION EXPENDITURE CONSUMPTION GROWTH CONTRIBUTIONS TO INVESTMENTS CORE INFLATION CREDIT CARDS CREDIT GROWTH CURRENCY CURRENCY ASSETS CURRENCY SWAPS CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT SURPLUS DEBT DEBT LEVELS DEBT RATIOS DEBT SECURITIES DEBT SECURITIES MARKET DEMAND-SIDE FACTORS DEPOSITS DEPRECIATION DEVELOPING COUNTRIES DEVELOPMENT AGENCIES DEVELOPMENT BANK DEVELOPMENT ECONOMICS DISBURSEMENTS DISORDERLY EXIT DOMESTIC CONDITIONS DOMESTIC CURRENCY DOMESTIC DEMAND DOMESTIC DEMAND GROWTH DRAG ON GROWTH ECONOMIC CONDITIONS ECONOMIC COOPERATION ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC MODEL ECONOMIC POLICY ECONOMIC RESEARCH ECONOMIC STRUCTURE EMERGING ECONOMIES EQUIPMENT EQUITIES EQUITY MARKET EXCHANGE RATES EXPENDITURES EXPORT COMPETITIVENESS EXPORT GROWTH EXPORT MARKET EXPORT PERFORMANCE EXPORTS EXPOSURE EXTERNAL DEMAND EXTERNAL FINANCING FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL SECTOR FISCAL POLICY FISCAL POSITION FIXED ASSETS FIXED CAPITAL FIXED INVESTMENTS FLEXIBLE EXCHANGE RATE FOOD PRICES FORECASTS FOREIGN ASSETS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN CURRENCY ASSETS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN HOLDINGS FOREIGN RESERVES GDP GDP PER CAPITA GLOBAL ECONOMY GLOBAL LIQUIDITY GLOBAL MARKET GOVERNMENT BONDS GOVERNMENT DEBT GOVERNMENT FINANCES GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROSS NATIONAL INCOME GROWTH RATE GROWTH RATES HOLDING HOLDINGS HOUSEHOLD INCOME HUMAN CAPITAL HUMAN RESOURCE HUMAN RESOURCES IMPORT IMPORT DEMAND IMPORT GROWTH IMPORTS INCOME LEVEL INCOME TAX INCOME TAXES INFLATION INFLATION DYNAMICS INFLATION RATE INFORMATION SYSTEMS INFORMATION TECHNOLOGY INSTRUMENT INTEREST RATES ON MORTGAGE INTERNATIONAL RESERVES INTERNATIONAL TRADE INVENTORIES INVENTORY INVESTMENT ACTIVITY INVESTMENT BOOM INVESTMENT GOODS INVESTMENT PROJECTS ISSUANCES LABOR FORCE LABOR MARKET LABOR MARKETS LEVERAGE LIQUIDITY LIQUIDITY CONDITIONS LIQUIDITY CRISIS LIQUIDITY MANAGEMENT LOAN LOW INTEREST RATES M3 MACROECONOMIC STABILITY MARKET INFORMATION MARKET SHARE MONETARY AUTHORITIES MONETARY CONDITIONS MONETARY FUND MONETARY POLICIES MONETARY POLICY MORTGAGE MORTGAGE LOANS MORTGAGES NATIONAL INCOME NATURAL RESOURCES NET EXPORTS NON-PERFORMING LOANS OIL PRICES OIL REVENUE OUTPUT GAP PENSIONS PORTFOLIO PORTFOLIO FLOWS PORTFOLIO INVESTMENTS POST-CRISIS PERIOD PRIVATE CONSUMPTION PRIVATE DEBT PRIVATE INVESTMENT PRIVATE INVESTMENTS PRODUCTION FUNCTION PRUDENTIAL REGULATIONS PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SPENDING PURCHASING POWER RE-EXPORTS REAL APPRECIATION REAL EFFECTIVE EXCHANGE RATE REAL GDP REAL WAGE GROWTH RECESSION REMUNERATION RETURN REVALUATION SHORT-TERM EXTERNAL DEBT SLOWDOWN STRUCTURAL REFORMS SUPPLY CONDITIONS SUPPLY CONSTRAINTS SUPPLY SHOCKS SUPPLY-SIDE SURPLUS TAX TAX COLLECTIONS TAX HIKES TAX INCREASES TAX REVENUES TOTAL INVESTMENTS TOTAL REVENUE TRADE SHARES TRADING TRADING PARTNER TRANSPARENCY UNCERTAINTIES UNEMPLOYMENT UNEMPLOYMENT RATE VALUE ADDED WAGES WEALTH WORKING CAPITAL WORLD DEVELOPMENT INDICATORS WORLD TRADE |
| spellingShingle |
ADVANCED ECONOMIES AGRICULTURAL COMMODITIES AGRICULTURAL COMMODITY ANNUAL GROWTH ASSET POSITION ASSET QUALITY ASSETS BALANCE OF PAYMENTS BANK DEBT BANKING SECTOR BANKING SYSTEM BASIS POINTS BENCHMARK BENCHMARK INTEREST RATE BENEFICIARIES BILLS BUDGETING CAPITAL GOODS CAPITAL INFLOWS CAPITAL MARKETS CAPITAL OUTFLOWS CAPITAL SECURITIES CASH TRANSFERS CENTRAL BANK COMMODITY PRICES COMPETITIVENESS CONSOLIDATION CONSUMER GOODS CONSUMER PRICE INDEX CONSUMER PRICE INFLATION CONSUMPTION EXPENDITURE CONSUMPTION GROWTH CONTRIBUTIONS TO INVESTMENTS CORE INFLATION CREDIT CARDS CREDIT GROWTH CURRENCY CURRENCY ASSETS CURRENCY SWAPS CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT SURPLUS DEBT DEBT LEVELS DEBT RATIOS DEBT SECURITIES DEBT SECURITIES MARKET DEMAND-SIDE FACTORS DEPOSITS DEPRECIATION DEVELOPING COUNTRIES DEVELOPMENT AGENCIES DEVELOPMENT BANK DEVELOPMENT ECONOMICS DISBURSEMENTS DISORDERLY EXIT DOMESTIC CONDITIONS DOMESTIC CURRENCY DOMESTIC DEMAND DOMESTIC DEMAND GROWTH DRAG ON GROWTH ECONOMIC CONDITIONS ECONOMIC COOPERATION ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC MODEL ECONOMIC POLICY ECONOMIC RESEARCH ECONOMIC STRUCTURE EMERGING ECONOMIES EQUIPMENT EQUITIES EQUITY MARKET EXCHANGE RATES EXPENDITURES EXPORT COMPETITIVENESS EXPORT GROWTH EXPORT MARKET EXPORT PERFORMANCE EXPORTS EXPOSURE EXTERNAL DEMAND EXTERNAL FINANCING FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL SECTOR FISCAL POLICY FISCAL POSITION FIXED ASSETS FIXED CAPITAL FIXED INVESTMENTS FLEXIBLE EXCHANGE RATE FOOD PRICES FORECASTS FOREIGN ASSETS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN CURRENCY ASSETS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN HOLDINGS FOREIGN RESERVES GDP GDP PER CAPITA GLOBAL ECONOMY GLOBAL LIQUIDITY GLOBAL MARKET GOVERNMENT BONDS GOVERNMENT DEBT GOVERNMENT FINANCES GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROSS NATIONAL INCOME GROWTH RATE GROWTH RATES HOLDING HOLDINGS HOUSEHOLD INCOME HUMAN CAPITAL HUMAN RESOURCE HUMAN RESOURCES IMPORT IMPORT DEMAND IMPORT GROWTH IMPORTS INCOME LEVEL INCOME TAX INCOME TAXES INFLATION INFLATION DYNAMICS INFLATION RATE INFORMATION SYSTEMS INFORMATION TECHNOLOGY INSTRUMENT INTEREST RATES ON MORTGAGE INTERNATIONAL RESERVES INTERNATIONAL TRADE INVENTORIES INVENTORY INVESTMENT ACTIVITY INVESTMENT BOOM INVESTMENT GOODS INVESTMENT PROJECTS ISSUANCES LABOR FORCE LABOR MARKET LABOR MARKETS LEVERAGE LIQUIDITY LIQUIDITY CONDITIONS LIQUIDITY CRISIS LIQUIDITY MANAGEMENT LOAN LOW INTEREST RATES M3 MACROECONOMIC STABILITY MARKET INFORMATION MARKET SHARE MONETARY AUTHORITIES MONETARY CONDITIONS MONETARY FUND MONETARY POLICIES MONETARY POLICY MORTGAGE MORTGAGE LOANS MORTGAGES NATIONAL INCOME NATURAL RESOURCES NET EXPORTS NON-PERFORMING LOANS OIL PRICES OIL REVENUE OUTPUT GAP PENSIONS PORTFOLIO PORTFOLIO FLOWS PORTFOLIO INVESTMENTS POST-CRISIS PERIOD PRIVATE CONSUMPTION PRIVATE DEBT PRIVATE INVESTMENT PRIVATE INVESTMENTS PRODUCTION FUNCTION PRUDENTIAL REGULATIONS PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SPENDING PURCHASING POWER RE-EXPORTS REAL APPRECIATION REAL EFFECTIVE EXCHANGE RATE REAL GDP REAL WAGE GROWTH RECESSION REMUNERATION RETURN REVALUATION SHORT-TERM EXTERNAL DEBT SLOWDOWN STRUCTURAL REFORMS SUPPLY CONDITIONS SUPPLY CONSTRAINTS SUPPLY SHOCKS SUPPLY-SIDE SURPLUS TAX TAX COLLECTIONS TAX HIKES TAX INCREASES TAX REVENUES TOTAL INVESTMENTS TOTAL REVENUE TRADE SHARES TRADING TRADING PARTNER TRANSPARENCY UNCERTAINTIES UNEMPLOYMENT UNEMPLOYMENT RATE VALUE ADDED WAGES WEALTH WORKING CAPITAL WORLD DEVELOPMENT INDICATORS WORLD TRADE Gil Sander, Frederico Jalil, Intan Nadia Ali, Rabia Malaysia Economic Monitor, December 2013 : High-Performing Education |
| geographic_facet |
East Asia and Pacific Malaysia |
| description |
Malaysia's economy regained
momentum but yearly growth is set to decelerate in 2013.
Export recovery into 2014 is expected to offset slower
domestic demand and lead to a pick-up in growth. Fiscal
consolidation is picking up pace with subsidy cuts, sin tax
increases, and less generous public service bonuses. The
full implementation of the minimum wage in January 2014 will
provide an additional boost to households, as will increased
cash transfers that are part of the government's
strategy for subsidy rationalization and modernizing social
protection. Malaysia performs very well with respect to
access to education. Enrolments at primary and lower
secondary levels are nearly universal and recent gains in
pre-primary education have been note-worthy. Among East
Asian countries that participated in the 2012 Program for
International Student Assessment (PISA), Malaysian students
only outperform their Indonesian peers, and lag even
lower-income countries (including, by a wide margin,
Vietnam). Expenditure on basic education is more than double
that of other Association of Southeast Asian Nations (ASEAN)
countries and the decline in learning outcomes occurred
while inputs to education were expanding and the size of the
student population was falling. The key constraints to
improving the quality of basic education thus relate not to
the quantity of inputs but institutions. 46 percent of
principals report a lack of qualified teaching staff as a
constraint, and Ministry of Education (MOE) admits that in
recent years some candidates enrolling in teacher training
institutions did not meet minimum requirements of academic
achievement at the secondary level. Lifting these
constraints entails refining some of the measures
recommended in the Education Blueprint for high-performing
education system: (1) moving towards school-based
decision-making; (2) improving parental involvement and
enhancing accountability; and (3) improving incentives and
recruitment for teachers. The government may consider
piloting fixed contract recruitments with tenure contingent
on performance, and tying retraining and up-skilling efforts
with certification. |
| format |
Economic & Sector Work :: Economic Updates and Modeling |
| author |
Gil Sander, Frederico Jalil, Intan Nadia Ali, Rabia |
| author_facet |
Gil Sander, Frederico Jalil, Intan Nadia Ali, Rabia |
| author_sort |
Gil Sander, Frederico |
| title |
Malaysia Economic Monitor, December 2013 : High-Performing Education |
| title_short |
Malaysia Economic Monitor, December 2013 : High-Performing Education |
| title_full |
Malaysia Economic Monitor, December 2013 : High-Performing Education |
| title_fullStr |
Malaysia Economic Monitor, December 2013 : High-Performing Education |
| title_full_unstemmed |
Malaysia Economic Monitor, December 2013 : High-Performing Education |
| title_sort |
malaysia economic monitor, december 2013 : high-performing education |
| publisher |
World Bank, Bangkok |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2013/12/18645043/malaysia-economic-monitor-high-performing-education http://hdl.handle.net/10986/16705 |
| _version_ |
1764434485732966400 |
| spelling |
okr-10986-167052021-04-23T14:03:32Z Malaysia Economic Monitor, December 2013 : High-Performing Education Gil Sander, Frederico Jalil, Intan Nadia Ali, Rabia ADVANCED ECONOMIES AGRICULTURAL COMMODITIES AGRICULTURAL COMMODITY ANNUAL GROWTH ASSET POSITION ASSET QUALITY ASSETS BALANCE OF PAYMENTS BANK DEBT BANKING SECTOR BANKING SYSTEM BASIS POINTS BENCHMARK BENCHMARK INTEREST RATE BENEFICIARIES BILLS BUDGETING CAPITAL GOODS CAPITAL INFLOWS CAPITAL MARKETS CAPITAL OUTFLOWS CAPITAL SECURITIES CASH TRANSFERS CENTRAL BANK COMMODITY PRICES COMPETITIVENESS CONSOLIDATION CONSUMER GOODS CONSUMER PRICE INDEX CONSUMER PRICE INFLATION CONSUMPTION EXPENDITURE CONSUMPTION GROWTH CONTRIBUTIONS TO INVESTMENTS CORE INFLATION CREDIT CARDS CREDIT GROWTH CURRENCY CURRENCY ASSETS CURRENCY SWAPS CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT SURPLUS DEBT DEBT LEVELS DEBT RATIOS DEBT SECURITIES DEBT SECURITIES MARKET DEMAND-SIDE FACTORS DEPOSITS DEPRECIATION DEVELOPING COUNTRIES DEVELOPMENT AGENCIES DEVELOPMENT BANK DEVELOPMENT ECONOMICS DISBURSEMENTS DISORDERLY EXIT DOMESTIC CONDITIONS DOMESTIC CURRENCY DOMESTIC DEMAND DOMESTIC DEMAND GROWTH DRAG ON GROWTH ECONOMIC CONDITIONS ECONOMIC COOPERATION ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC MODEL ECONOMIC POLICY ECONOMIC RESEARCH ECONOMIC STRUCTURE EMERGING ECONOMIES EQUIPMENT EQUITIES EQUITY MARKET EXCHANGE RATES EXPENDITURES EXPORT COMPETITIVENESS EXPORT GROWTH EXPORT MARKET EXPORT PERFORMANCE EXPORTS EXPOSURE EXTERNAL DEMAND EXTERNAL FINANCING FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL SECTOR FISCAL POLICY FISCAL POSITION FIXED ASSETS FIXED CAPITAL FIXED INVESTMENTS FLEXIBLE EXCHANGE RATE FOOD PRICES FORECASTS FOREIGN ASSETS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN CURRENCY ASSETS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN HOLDINGS FOREIGN RESERVES GDP GDP PER CAPITA GLOBAL ECONOMY GLOBAL LIQUIDITY GLOBAL MARKET GOVERNMENT BONDS GOVERNMENT DEBT GOVERNMENT FINANCES GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROSS NATIONAL INCOME GROWTH RATE GROWTH RATES HOLDING HOLDINGS HOUSEHOLD INCOME HUMAN CAPITAL HUMAN RESOURCE HUMAN RESOURCES IMPORT IMPORT DEMAND IMPORT GROWTH IMPORTS INCOME LEVEL INCOME TAX INCOME TAXES INFLATION INFLATION DYNAMICS INFLATION RATE INFORMATION SYSTEMS INFORMATION TECHNOLOGY INSTRUMENT INTEREST RATES ON MORTGAGE INTERNATIONAL RESERVES INTERNATIONAL TRADE INVENTORIES INVENTORY INVESTMENT ACTIVITY INVESTMENT BOOM INVESTMENT GOODS INVESTMENT PROJECTS ISSUANCES LABOR FORCE LABOR MARKET LABOR MARKETS LEVERAGE LIQUIDITY LIQUIDITY CONDITIONS LIQUIDITY CRISIS LIQUIDITY MANAGEMENT LOAN LOW INTEREST RATES M3 MACROECONOMIC STABILITY MARKET INFORMATION MARKET SHARE MONETARY AUTHORITIES MONETARY CONDITIONS MONETARY FUND MONETARY POLICIES MONETARY POLICY MORTGAGE MORTGAGE LOANS MORTGAGES NATIONAL INCOME NATURAL RESOURCES NET EXPORTS NON-PERFORMING LOANS OIL PRICES OIL REVENUE OUTPUT GAP PENSIONS PORTFOLIO PORTFOLIO FLOWS PORTFOLIO INVESTMENTS POST-CRISIS PERIOD PRIVATE CONSUMPTION PRIVATE DEBT PRIVATE INVESTMENT PRIVATE INVESTMENTS PRODUCTION FUNCTION PRUDENTIAL REGULATIONS PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SPENDING PURCHASING POWER RE-EXPORTS REAL APPRECIATION REAL EFFECTIVE EXCHANGE RATE REAL GDP REAL WAGE GROWTH RECESSION REMUNERATION RETURN REVALUATION SHORT-TERM EXTERNAL DEBT SLOWDOWN STRUCTURAL REFORMS SUPPLY CONDITIONS SUPPLY CONSTRAINTS SUPPLY SHOCKS SUPPLY-SIDE SURPLUS TAX TAX COLLECTIONS TAX HIKES TAX INCREASES TAX REVENUES TOTAL INVESTMENTS TOTAL REVENUE TRADE SHARES TRADING TRADING PARTNER TRANSPARENCY UNCERTAINTIES UNEMPLOYMENT UNEMPLOYMENT RATE VALUE ADDED WAGES WEALTH WORKING CAPITAL WORLD DEVELOPMENT INDICATORS WORLD TRADE Malaysia's economy regained momentum but yearly growth is set to decelerate in 2013. Export recovery into 2014 is expected to offset slower domestic demand and lead to a pick-up in growth. Fiscal consolidation is picking up pace with subsidy cuts, sin tax increases, and less generous public service bonuses. The full implementation of the minimum wage in January 2014 will provide an additional boost to households, as will increased cash transfers that are part of the government's strategy for subsidy rationalization and modernizing social protection. Malaysia performs very well with respect to access to education. Enrolments at primary and lower secondary levels are nearly universal and recent gains in pre-primary education have been note-worthy. Among East Asian countries that participated in the 2012 Program for International Student Assessment (PISA), Malaysian students only outperform their Indonesian peers, and lag even lower-income countries (including, by a wide margin, Vietnam). Expenditure on basic education is more than double that of other Association of Southeast Asian Nations (ASEAN) countries and the decline in learning outcomes occurred while inputs to education were expanding and the size of the student population was falling. The key constraints to improving the quality of basic education thus relate not to the quantity of inputs but institutions. 46 percent of principals report a lack of qualified teaching staff as a constraint, and Ministry of Education (MOE) admits that in recent years some candidates enrolling in teacher training institutions did not meet minimum requirements of academic achievement at the secondary level. Lifting these constraints entails refining some of the measures recommended in the Education Blueprint for high-performing education system: (1) moving towards school-based decision-making; (2) improving parental involvement and enhancing accountability; and (3) improving incentives and recruitment for teachers. The government may consider piloting fixed contract recruitments with tenure contingent on performance, and tying retraining and up-skilling efforts with certification. 2014-01-29T22:41:38Z 2014-01-29T22:41:38Z 2013-12 http://documents.worldbank.org/curated/en/2013/12/18645043/malaysia-economic-monitor-high-performing-education http://hdl.handle.net/10986/16705 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Bangkok Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work East Asia and Pacific Malaysia |