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Middle Class In Malaysia Case Study

1789 Words8 Pages

1.0 ABSTRACT
This report objective is to identify the issues in finance. This report content is based on current issues about how Malaysia moves towards a middle-class society. This issue is interesting to studies since “aspirational” households that the largest group in society on Malaysia needed to take the challenge in moving to the middle class. This will be determining the ability of Malaysia to become a high-income nation by 2020 will achieve its target. 2.0 INTRODUCTION The middle classes from an economic perspective can be defined in two terms such as absolute level of income terms and relative level of income terms or a combination of two. For absolute terms referring to a specific income level which is equal for all countries, …show more content…

For example, restaurant workers, hotel workers and small business activity such as tailoring and working from home. ‘AZAM Niaga’ program is focus to give an opportunities to start a small business that under MWFCD & Amanah Ikhtiar Malaysia. ‘AZAM Khidmat’ program is to create a small services provider that under MWFCD & Amanah Ikhtiar Malaysia. ‘AZAM Tani’ program is creates an opportunities in small-scale agriculture that under Ministry of Agriculture and Agro-based industries. For the ‘Insurance 1AZAM’ program, it too provides a death, permanent disability and bereavement benefits and covers funeral expenses for members of poor households that under MWFCD and Via Alliance Bank. ‘AZAM Bandar’ is focuses on the urban poor area and comprises of all sub programs under the 1AZAM program that under supervision of Ministry of Housing and Local Government.
Limited incomes transfers but for the poor and vulnerable have positive …show more content…

All the sector either in government or private has play their role to achieve target. The Malaysian financial system also has play important role in facilitating the growth and economic transformation on the Malaysian economy though a economic development such as a more integrated and globalised environment, and the more sophisticated and diverse investment and financing needs of the domestic economy will require a financial system that is more progressive and dynamic to advance the nation’s vision. The program that has been implementing such as 1 AZAM and BR1M gives a benefit to all stages of age that show a government effort to achieve a middle class society.
5.0 BIBLIOGRAPHY OR REFERENCE
Easterly, William. (2001). The Middle Class Consensus and Economic Development. Journal of Economic Growth, 6, no. 4, (December 2001): 317-336.
Khazanah Research Institute (2014). The State of Households. Kuala Lumpur: Khazanah Research Institute.
The Star Online (14 October 2014). Malaysia’s middle class challenge. Available at:

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