Increase Female Labour Participation - but why?

According to the World Bank, Malaysia has the potential to become a high income nation by 2030 but there's a catch.

The World Bank states that a high income nation is a country that has a gross national income (GNI) per capita of US$12,535. In other words; when the people begin earning more and the levels of poverty begin dropping, that is a high income nation.

In order for the country to become a high income nation, six criteria need to be met. In its biannual Malaysia Economic Motor Report (June edition), the World Bank listed six areas that the country has to improve;

1. Raising the participation of female labour force

2. Improving human capital

3. Boosting competitiveness

4. Creating well-paying, high quality jobs

5. Modernizing institutions

6. Promoting inclusion

Criteria one: Raising the participation of female labour force. Why is this important? Here's why. Today, women are recognised as a pivotal source to drive economic growth. They bring about new skills which in turn promotes growth and productivity. More women in the workforce could also increase the country's GDP.

Thus, recognising a woman's value and contributions in the workforce will lead to a significant difference in the country's growth and productivity.