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It has been handed down from one prime minister to another since the launch of the First Malaysia Plan (MP-1: 1966-1970). During the Second Malaysia Plan (MP-2: 1991-2000), the industrial foundation was firmly established. The manufacturing and service sectors achieved remarkable growth, with the former accounting for 33...
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The manufacturing and service sectors achieved remarkable growth, with the former accounting for 33.4% of GDP and the latter for 52.4% (in 2000).
Thanks to a stable economic growth, the labor market is doing very well with an unemployment rate around 2 to 3.5% since the mid 90s. However, the unemployment rate began to increase in recent years, despite the expanding employment opportunities but it is still at a rather good level...
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