Strengthening Services Trade in the Malaysian Economy March 2022

While Malaysia’s economy has had great success, it also faces several challenges including limited services trade. This report seeks to explain the main constraints that are holding back the services sector in the country. The key finding is that M...

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Bibliographic Details
Main Author:	World Bank
Format:	Rapport
Language:	English
Published:	Washington, DC 2022
Subjects:	SERVICE SECTOR DEVELOPMENT STRATEGY TRADE POLICY REFORM GOODS AND SERVICES DISTINCTION TRADE SERVICE SECTOR INVESTMENT SKILLS SHORTAGE LABOR MARKET INFORMAL LABOR MARKET
Online Access:	http://documents.worldbank.org/curated/en/099030205172219428/P174668025a58007c0a9fb0eb0ae59d108f http://hdl.handle.net/10986/37471

id	okr-10986-37471
recordtype	oai_dc
spelling	okr-10986-374712022-05-24T16:55:42Z Strengthening Services Trade in the Malaysian Economy March 2022 World Bank SERVICE SECTOR DEVELOPMENT STRATEGY TRADE POLICY REFORM GOODS AND SERVICES DISTINCTION TRADE SERVICE SECTOR INVESTMENT SKILLS SHORTAGE LABOR MARKET INFORMAL LABOR MARKET While Malaysia’s economy has had great success, it also faces several challenges including limited services trade. This report seeks to explain the main constraints that are holding back the services sector in the country. The key finding is that Malaysia’s development strategy needs to pivot to better capture new trade patterns. This will need to address some of the main constraints facing the development of Malaysia’s services sector. First, is low labor productivity. Secondly, is informality. Thirdly, weak educational outcomes in Malaysia contribute to skills shortages. Finally, limits to competition and regulatory restrictions in services restrict Malaysia’s ability to deepen foreign linkages. The key recommendation of the report is that to fulfill the potential of its services sector, Malaysia should take an integrated approach that progressively and gradually addresses artificial policy distinctions between goods and services, and between trade and investment in a world increasingly governed by international production networks. 2022-05-23T20:25:13Z 2022-05-24T16:55:42Z 2022-05-23T20:25:13Z 2022-05-24T16:55:42Z 2022 Rapport Informe Report http://documents.worldbank.org/curated/en/099030205172219428/P174668025a58007c0a9fb0eb0ae59d108f http://hdl.handle.net/10986/37471 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Report East Asia and Pacific Malaysia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	SERVICE SECTOR DEVELOPMENT STRATEGY TRADE POLICY REFORM GOODS AND SERVICES DISTINCTION TRADE SERVICE SECTOR INVESTMENT SKILLS SHORTAGE LABOR MARKET INFORMAL LABOR MARKET
spellingShingle	SERVICE SECTOR DEVELOPMENT STRATEGY TRADE POLICY REFORM GOODS AND SERVICES DISTINCTION TRADE SERVICE SECTOR INVESTMENT SKILLS SHORTAGE LABOR MARKET INFORMAL LABOR MARKET World Bank Strengthening Services Trade in the Malaysian Economy March 2022
geographic_facet	East Asia and Pacific Malaysia
description	While Malaysia’s economy has had great success, it also faces several challenges including limited services trade. This report seeks to explain the main constraints that are holding back the services sector in the country. The key finding is that Malaysia’s development strategy needs to pivot to better capture new trade patterns. This will need to address some of the main constraints facing the development of Malaysia’s services sector. First, is low labor productivity. Secondly, is informality. Thirdly, weak educational outcomes in Malaysia contribute to skills shortages. Finally, limits to competition and regulatory restrictions in services restrict Malaysia’s ability to deepen foreign linkages. The key recommendation of the report is that to fulfill the potential of its services sector, Malaysia should take an integrated approach that progressively and gradually addresses artificial policy distinctions between goods and services, and between trade and investment in a world increasingly governed by international production networks.
format	Rapport
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Strengthening Services Trade in the Malaysian Economy March 2022
title_short	Strengthening Services Trade in the Malaysian Economy March 2022
title_full	Strengthening Services Trade in the Malaysian Economy March 2022
title_fullStr	Strengthening Services Trade in the Malaysian Economy March 2022
title_full_unstemmed	Strengthening Services Trade in the Malaysian Economy March 2022
title_sort	strengthening services trade in the malaysian economy march 2022
publisher	Washington, DC
publishDate	2022
url	http://documents.worldbank.org/curated/en/099030205172219428/P174668025a58007c0a9fb0eb0ae59d108f http://hdl.handle.net/10986/37471
_version_	1764487226040778752

Strengthening Services Trade in the Malaysian Economy March 2022

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