Income disparity in Malaysia
- Income disparity in Malaysia
According to the UNDP 1997 Human Development Report, [ [http://www.aseanfocus.com/asiananalysis/article.cfm?articleID=35 Asian Analysis 1998 by Asean Focus Group] , Professor Michael LeighDirector Institute of East Asian Studies University Malaysia, Sarawak.] and the 2004 United Nations Human Development (UNHDP) report, [ [http://www.dapmalaysia.org/english/2005/july05/lge/lge149.htm Speech at the Meeting between DAPSY National and Perak State Leaders In Teluk Intan by Lim Guan Eng] , If the 2004 Petronas profits of RM 35.6 billion (US$9.89 billion) were distributed to the poor, Malaysia would not have wealth distribution problems.] Malaysia has the highest income disparity between the rich and poor in Southeast Asia, greater than that of Philippines, Thailand, Singapore, Vietnam and Indonesia. The UNHDP Report shows that the richest 10% in Malaysia control 38.4% of the economic income as compared to the poorest 10% who control only 1.7%. Kuala Lumpur as the capital of Malaysia has an increasing number of squatters, shanty towns and slums, and is also seeing an increase in criminal acts such as snatch theft, robberies, and rape.
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