TY - BOOK ED - World Bank. ED - World Bank. TI - Malaysia Economic Monitor, November 2012: Unlocking Women's Potential T2 - Economic Updates and Modeling PY - 2012/// CY - Washington, D.C. PB - The World Bank KW - Agriculture KW - Benchmarking KW - Bonds KW - Capital Flows KW - Capital Markets KW - Central Banks KW - Commodity Prices KW - Corruption KW - Debt KW - Discrimination KW - Dutch Disease KW - Economic Forecasting KW - Economic Growth KW - Economic Opportunities KW - Expenditures KW - Family Responsibilities KW - Financial Crisis KW - Financial Institutions KW - Fiscal & Monetary Policy KW - Fiscal Policy KW - Foreign Direct Investment KW - Gdp KW - Gender KW - Gender and Economic Policy KW - Global Economy KW - Gross Domestic Product KW - Human Resources KW - Inflation KW - Interest Rates KW - Investment Climate KW - Labor Markets KW - Labor Policies KW - Macroeconomics KW - Macroeconomics and Economic Growth KW - Minimum Wage KW - Monetary Policy KW - Private Investment KW - Public-Private Partnerships KW - Recycling KW - Refugees KW - Savings KW - Slowdown KW - Social Protections and Labor KW - Sovereign Debt KW - Surplus KW - Total Factor Productivity KW - Uncertainty KW - Unemployment KW - Urban Areas KW - Wages N2 - The Malaysian economy maintained a vigorous pace in the first nine months of 2012 despite external headwinds. Continuing a trend in the past two years, Malaysia's stronger-than-expected Gross Domestic Product, or GDP growth in the first nine months of 2012 was driven by rapid expansion of domestic demand while external demand (and export-oriented industries) stagnated due to continuing global uncertainty. Malaysia's low participation of women in labor markets is linked to a pattern whereby women do not return to work after marriage and childbearing. Education alone is not sufficient to close gender gaps as social norms and formal institutions continue to affect the choices of all women. In the long-term, norms need to evolve for gender gaps to be bridged; in the meantime measures can be put in place to help men and women balance responsibilities. Changing prevailing social norms takes time. In the medium-term, supportive measures at all stages of the life-cycle can be put in place, ranging from flexi-work arrangements and expanded childcare options, to incentives for more female participation in 'non-female' educational fields and job types. While current initiatives to leverage on women's talent are laudable, other policy options must be explored, evaluated, and tailored, to enable Malaysian women to fully contribute to Malaysia's transformation towards a high-income, inclusive and sustainable economy UR - http://elibrary.worldbank.org/doi/book/10.1596/27228 ER -