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C1. Introduction To EconomicDevelopment

1.1 Economic Growth (Con.& Is )

1.2 Economic Development

(Con. & Is )

1.3 Economic structure and

Trend

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1.1 Economic Growth

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1.1 Economic Growth cont.Conventional Islamic

Source A rise in the productivity ofexisting factorsAn increase in theavailable stock of factors ofproductionTechnological advances

Investible resourcesHuman resourcesEntrepreneurshipTechnological changeIslam is the way of life

Economicgrowthfactor

The availability of vast natural resourcesLarge, young and educated labor forceStability in political environmentVision 2020Increasing presence of bumiputra

Strong financial systemIntroduction and application of science & technology ineducational and work environmentGrowth of industrial sector, export and FDI

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1.2 Economic Development Lorem ipsum dolor sit amet,

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1.2 Economic Developmentcont. Lorem ipsum dolor sit amet,

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Conventional Islamic

Source Labor forceTechnologyCapitalNatural resourcesLandEducation and knowledge

skills

Objective cover both worldand hereafterEconomic justice andfairness in the distribution ofincome and wealthDevelopment philosophy

relies on local talent anduses physical resourcesinvolving the entire ummah

Economicdevelopment factor

Physical and environment development based on theindigenous effectSpiritual aspects which based on fear of AllahMoral and ethical value which follow the value-patternof IslamSocio-economic changes where all citizens have equalopportunities in education, health, goods and etc.Technological change where there must be innovationas well as development of research and technology

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1.3 Economic structure and TrendBasic Definition

ECONOMIC STRUCTURE Composition of economic activities

ECONOMIC ACTIVITY Every activity that leads to the production ofgoods and services

PRODUCTION STRUCTURE Indicates the relative importance of thevarious sectors of the economy and whethertheir contributions to GDP change with time

EMPLOYMENT STRUCTURE Related to output structure and the methodsof production

EXPORT STRUCTURES A study of composition of export to indicatesthe relative importance of thecommodities/output to the economy and theopenness of the economy.

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1.3 Economic structure and Trend

Economic Activities1 Primary sector

2 Secondary sector

3 Tertiary/servicesector

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1.3 Economic structure and Trendcont.

Economic StructureFocused on..

1 Production2 Employment

3 Export structure

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1.3 Economic structure and Trendcont.Structural changes & trend in

Malaysia1Primary

sectorProductionEmployment

Exportstructure

Beforeindependence

At independenceBetween 1970 -1985Between 1987 -1997Between 2000 -2005Between 2005 -2010

2Secondary sector

3Tertiary/servicesector