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The colour of inequality : ethnicity, class, income, and wealth in Malaysia

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This book provides an alternative insight to the debate on inequality in Malaysia, by focusing on the distribution of wealth or assets, rather than income. Despite tremendous increase in national income, the wealth gap in Malaysia is alarmingly high and extremely skewed. For instance, the top 0.2 per cent of depositors in ASB has about 1,133 times more than the bottom 80 per cent of depositors combined. This gap is echoed by the fact that approximately two-thirds of Malaysian workers earn less than RM3,000 per month, and about 90 per cent of Malaysians have nearly zero savings. The current policies are not facilitating improvements in this wealth gap, which could lead to aristocracy where birth, not hard work or talent and effort, matter the most in wealth accumulation. This book explores possible policy interventions that can be undertaken to ensure that economic growth is equitably shared, which is vital for a stable and prosperous society

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Availability

Detail Information

Series Title

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Call Number

LEN 338.9595 KHA

Publisher

Kuala Lumpur, Malaysia : MPH Group Printing., 2018

Collation

xviii, 249 p. ; 23 cm

Language

English

ISBN/ISSN

9789674152147

Classification

338.9595

Content Type

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Media Type

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Carrier Type

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Edition

cet. 9

Subject(s)

Malaysia
Wealth
Economic policy
Equality
Social justice

Specific Detail Info

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Statement of Responsibility

Muhammed Abdul Khalid

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