Economic Insecurity in the Malaysian Context
AbstractThe abrupt est of rapid economic growth in Malaysia has created a new mood of insecurity. However, "economic insecurity" is rarely discussed in the professional economics literature and has received little emphasis in recent economic policy making in OECD nations. This paper argues that economic insecurity should receive more attention, because it affects social and political stability, and influences individual well-being, personal identity and labor market behavior. As well, the welfare state was largely motivated by a desire to decrease insecurity, but Malaysia has not put in place unemployment insurance or welfare progrmas to mitigate economic insecurity. The paper discusses the differences between "economic insecurity" and "risk", before turning to a discussion of how best to measure economic insecurity.
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Bibliographic InfoPaper provided by John Deutsch Institute for the Study of Economic Policy in its series Working Papers with number 18.
Length: 36 pages
Date of creation: 1998
Date of revision:
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Postal: Dunning Hall, Queen's University, Kingston, Ontario, K7L 3N6
Web page: http://jdi-legacy.econ.queensu.ca/
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ECONOMIC DEVELOPMENT ; MALAYSIA ; SOCIAL SECURITY;
Other versions of this item:
- E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
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- Celidoni, Martina, 2011. "Vulnerability to poverty: An empirical comparison of alternative measures," MPRA Paper 33002, University Library of Munich, Germany.
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