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Teaching PowerPoint Slides - Chapter 1
Teaching PowerPoint Slides - Chapter 1
Introduction to Economic
Growth and Development
LEARNING OUTCOMES
Socio-economic changes:
– (a) Development of human capital
– (b) Development of critical infrastructure
– (c) Regional competitiveness
– (d) Environmental sustainability
– (e) Reduction of poverty
– (f) Distribution of income
– (g) Enhanced healthcare
– (h) Improved safety
– (i) Development of literacy (including equal opportunities
for residents to obtain education)
MALAYSIAN ECONOMY Unlocking Growth, Sustaining Equity All Rights Reserved
© Oxford Fajar Sdn. Bhd. (008974-T), 2018 1–9
Economic Development (cont.)
Indicators:
– (a) Increase in the standard of living or improvement
in the quality of life by changing the social and
economic condition, improvement in employment
opportunities, education, a rise in productivity, and
acquisition of knowledge
– (b) Rise in per capita gross domestic product (GDP)
– (c) Rise in literacy rate
– (d) Improved healthcare services and increased life
expectancy
Determinants:
– Human resources
– Investible resources
– Entrepreneurship
– Technological changes