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Restoring the dynamism of Malaysia’s business sector

Author

Listed:
  • Kosuke Suzuki
  • Zahid Ismail
  • Wan Fazlin Nadia Wan Osman
  • Sugumar Saminathan
  • Mohamad Norjayadi Tamam
  • Zafrulla Hussein
  • Suriati Zainal Abidin
  • Halimahton Sa'diah Let
  • Mohamad Muzaffar Abdul Hamid
  • Nurrul Nur Aisyah Hamran
  • Suhaimi Hamad
  • Peter Gal
  • Francesco Losma
  • Laurence Todd
  • Eva Tène
  • Patrick Lenain

Abstract

Before the COVID-19 pandemic, Malaysia undertook a series of vigorous reforms, ranging from the improvement of regulatory framework to the digitalisation of the economy, with the aim of boosting productivity. While the protracted pandemic has inevitably stalled reform efforts in many countries, including Malaysia, strengthening the business climate has become all the more important. This will be essential to achieve a robust recovery, accelerate digitalisation, and adopt a new working environment combining productivity and sanitary precautions. This paper discusses: 1) how Malaysia can reinvigorate business dynamism with new regulatory reforms; 2) how it can boost the uptake by businesses of digital solutions; and 3) based on the recent experience of teleworking, how it can prepare an enabling working environment for the digital age.

Suggested Citation

  • Kosuke Suzuki & Zahid Ismail & Wan Fazlin Nadia Wan Osman & Sugumar Saminathan & Mohamad Norjayadi Tamam & Zafrulla Hussein & Suriati Zainal Abidin & Halimahton Sa'diah Let & Mohamad Muzaffar Abdul Ha, 2022. "Restoring the dynamism of Malaysia’s business sector," OECD Economics Department Working Papers 1702, OECD Publishing.
    • Handle: RePEc:oec:ecoaaa:1702-en
    DOI: 10.1787/21a5c60c-en
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    More about this item

    Keywords

    Digitalisation; Firm-Level Labour Productivity; Malaysia; Online Platforms; Product Market Regulation; Regulatory Reform; Skills Strategy; Telework;
    All these keywords.

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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