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chapter 6 - Malaysia Productivity Corporation ( MPC)

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CONTENTS<br />

MESSAGE FROM MINISTER vi<br />

STATEMENT BY THE CHAIRMAN viii<br />

MALAYSIA PRODUCTIVITY CORPORATION<br />

Vision, Mission and Objectives x<br />

REPORT HIGHLIGHTS xvii<br />

PART 1: ENHANCING A PRODUCTIVE AND COMPETITIVE<br />

ECONOMY<br />

Chapter 1: <strong>Productivity</strong> Performance of <strong>Malaysia</strong><br />

Overall <strong>Productivity</strong> Performance 2<br />

Sectoral <strong>Productivity</strong> Performance 3<br />

Services Sector 3<br />

Manufacturing Sector 9<br />

Agriculture Sector 9<br />

Construction Sector 10<br />

Mining Sector 10<br />

Way Forward 12<br />

Outlook for 2012 13<br />

Chapter 2: Sources of <strong>Malaysia</strong>’s Economic Growth<br />

Overview 18<br />

Sources of Economic Growth 18<br />

TFP of Selected Economic Growth 20<br />

International Total Factor <strong>Productivity</strong> Comparison 22<br />

Sources of Output Growth in Selected Countries 22<br />

Total Factor <strong>Productivity</strong> Growth for Future Direction 23<br />

Box 2.1: <strong>Productivity</strong> Measurement Using the KLEMS Approach 26<br />

Box 2.2: Wage Management Framework 28<br />

Chapter 3: <strong>Malaysia</strong> and International Competitiveness<br />

Overview 32<br />

The Importance of Competitiveness 32<br />

Competitiveness Definitions 32<br />

Competitiveness Model 32<br />

<strong>Malaysia</strong>’s Overall Competitiveness Performance 33<br />

xi

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