Navigating the Malaysian dilemma: Constructing a sustainable economy in the post-COVID-19 era

Sanmugam Annamalah ,Kalisri Logeswaran Aravindan ,Ilham Sentosa

doi:10.24294/jipd.v8i8.5771

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Navigating the Malaysian dilemma: Constructing a sustainable economy in the post-COVID-19 era

Sanmugam Annamalah

Kalisri Logeswaran Aravindan

Ilham Sentosa

Journal of Infrastructure Policy and Development 2024, 8(8), 5771; https://doi.org/10.24294/jipd.v8i8.5771

Submitted：11 Apr 2024

Accepted：13 May 2024

Published：26 Aug 2024

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Abstract

The Malaysian dilemma presents a complex challenge in the wake of the COVID-19 pandemic, requiring a comprehensive statistical analysis for the formulation of a sustainable economic framework. This study delves into the multifaceted aspects of reconstructing Malaysia’s economy post-COVID-19, employing a data-driven approach to navigate the intricacies of the nation’s economic landscape. The research focuses on key statistical indicators, including GDP growth, unemployment rates, and inflation, to assess the immediate and long-term impacts of the pandemic. Additionally, it examines the effectiveness of government interventions and stimulus packages in mitigating economic downturns and fostering recovery. A comparative analysis with pre-pandemic data provides valuable insights into the extent of economic resilience and identifies sectors that require targeted support for sustained growth. Furthermore, the study explores the role of technology and digital transformation in building a resilient economy, considering the accelerated shift towards remote work and digital transactions during the pandemic. The analysis incorporates data on technological adoption rates, digital infrastructure development, and innovation ecosystems to gauge their contributions to economic sustainability. Addressing the Malaysian Dilemma also involves an examination of social and environmental dimensions. The study investigates the impact of economic policies on income distribution, social equity, and environmental sustainability, aiming to achieve sustainable economic growth. The study contributes a nuanced analysis to guide policymakers and stakeholders in constructing a sustainable post-COVID-19 economy in Malaysia.

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