Question
'Malaysia's income inequality remains high compared to other East Asian countries, though it is rapidly improving. While the bottom 40's income growth has surpassed that
'Malaysia's income inequality remains high compared to other East Asian countries, though it is rapidly improving. While the bottom 40's income growth has surpassed that of the top 60 for much of the last decade, the absolute difference between income categories has grown, adding to common impressions of the poor being left behind. Following the elimination of broad-based subsidies, the government has gradually transitioned to more targeted measures to assist the poor and vulnerable, primarily in the form of cash transfers to low-income households.' The World Bank (Bank, 2021) DISCUSS the policies that have been implemented in Malaysia for eradicating poverty and ensuring growth in equitable growth.Based on your point of view, are these policies equally effective in attaining the targets. (30 marks)
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