Malaysia's success story has been highlighted by the outstanding economic growth and social transformation.
Overall perception of Malaysia is good progress in economic growth and development but the ground reality is totally different from the statistics.
I t could be the best factors like Physical or Environmental factor, Institutional factor and Personal factor or Demographic factor may influence the economic growth and development and to alleviate the poverty at the ground level.
The Physical or Environmental factor will determine the agricultural production and productivity will help to increase the export promotion in turn earn foreign exchange. Tapping agricultural resources will pave the way for the country's economic development activities.
Personal or Demographic factor includes the variables like sex, education, family size, dependency ratio have direct influence of the economic boost up in economic growth and development. Vocational education will teaches many new technologies and inputs to the poor households stakeholders to begin a new micro businesses ideas etc.
Regarding the Institutional factor will support the citizens who are living in poverty conditions can be identified by conducting the Baseline Survey.
Moreover, the Institutional factor has many variables such as Access to Market, Access to Mass media, ICT gadgets, Bank or Microfinance Institution to get micro loan to start petty businesses according to their capacity.
Self Help Groups and Microfinance Institution support for the poor like Grameen Bank in Bangladesh. According to Prof.Muhamed Yunus has introduced the Grameen Bank in the poverty stricken areas to draw the attention on poor people.
America, Australia are following the Grameen Bank Policy to rejenuevate the poverty conditions. The developing countries like India and other African countries have succeeded through Microfinance concept.
Moreover Public Private Partnership (PPP) have collaborated to promote the poverty stricken communities are the special attention is to be paid on this poverty issues.
Debasmita Dey I think that the secret of the success of the Malaysian experience in alleviating poverty and achieving economic renaissance in the presence of good governance, and the implementation of good policies stem from the Malaysian reality away from ready-made or imposed recipes from abroad.
Political leadership maybe one of the factors for alleviating poverty in Malaysia. This RG link maybe useful.
"Dr Mahathir"s Leadership Patterns and the Success Story of Malaysia" https://www.researchgate.net/publication/340644896_Tun_Dr_Mahathirs_Leadership_Patterns_and_the_Success_Story_of_Malaysia
I was in Malaysia before. It seems to me that honesty of people is also an important factor for Malaysia' s economic growth
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