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The Colour of Inequality: Ethnicity, Class, Income and Wealth in Malaysia

Muhammed Abdul Khalid

4.14/5 (256 ratings)

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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 Amanah Saham Bumiputera (ASB) has about 1,133 times more than the bottom 80 per cent of depositors combined. This gap 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.

Format:: Paperback

Pages:: 249 pages

Publication:: 2014

Publisher:: MPH Group Publishing

Edition:: First Edition

Language:: eng

ISBN10:: 9674152148

ISBN13:: 9789674152147

kindle Asin:: 9674152148

The Colour of Inequality: Ethnicity, Class, Income and Wealth in Malaysia

Muhammed Abdul Khalid

4.14/5 (256 ratings)

Read Download

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 Amanah Saham Bumiputera (ASB) has about 1,133 times more than the bottom 80 per cent of depositors combined. This gap 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.

Format:: Paperback

Pages:: 249 pages

Publication:: 2014

Publisher:: MPH Group Publishing

Edition:: First Edition

Language:: eng

ISBN10:: 9674152148

ISBN13:: 9789674152147

kindle Asin:: 9674152148

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