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PRIMARY SECTOR
The Primary sector of the economy includes any industry involved in the extraction and production of raw materials, such as farming, logging, hunting, fishing, and mining
Edited at 2021-01-23 19:56:07- PRIMARY SECTOR
The Primary sector of the economy includes any industry involved in the extraction and production of raw materials, such as farming, logging, hunting, fishing, and mining
- TERTIARY SECTOR
The tertiary sector covers a wide range of activities from commerce to administration, transport, financial and real estate activities, business and personal services, education, health and social work.
- TOPIC 1 MALAYSIAN ECONOMY
Master 2 concept : Economic growth
PRIMARY SECTOR
- PRIMARY SECTOR
The Primary sector of the economy includes any industry involved in the extraction and production of raw materials, such as farming, logging, hunting, fishing, and mining
- TERTIARY SECTOR
The tertiary sector covers a wide range of activities from commerce to administration, transport, financial and real estate activities, business and personal services, education, health and social work.
- TOPIC 1 MALAYSIAN ECONOMY
Master 2 concept : Economic growth
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- Outline
PRIMARY SECTOR
- Survival Strategies of Agricultural Sector
- Transform agricultural sector to 21st Century Villages
- Increase technology & ICT
- Develop agricultural-industrial capabilities
- Improved the global competitiveness of new agricultural
- Government must ensure food security
- Develop rural areas
- Encourage private sector invesment
- Issue & Challenges of Agricultural Sector
- Issue
- INDUSTRY RESOURCE
- FARMERS
- PRIVATE SECTOR
- OVERSEAS
- Challenges
- Transforming small scale agro-industry into commercial ventures
- Small & uneconomic land holding
- Low productivity & low income
- Competition for land
- Dependence on imported raw materials
- Low participation of private sector
- Problem of labour
- Global competition & requirements
- Shrinking acreage of land under agricultural
- Insufficient research & development
- Exports constraints
- Horizontal diversification
- Bureaucracy, land development & financing
- Infrastructure development
- Multiplicity of organization
- Institutional & social problems
- Food security
- Contributions & importance Of Agricultural Sector
- Growth of GDP, employment & exports, improved balance of trade
- Ensure food security & self-sufficiency
- Provides a strong base
- Contribute to innovation, costs reduction, productivity improvement
- Increase the per capita income
- Control the price of food & inflation
- Promote agro-tourism
- Increase relevance & impact of agricultural & agri-food SCM
- Opportunities for farmer to diversity
- Interrelated with industrial development
- Diversifying & shielding the economy from external shocks
- National Agro-food Policy (2011-2020)
- Objectives
Offer food security
Transform the agro-food industry into a competitive & sustainable industry
Raise income of agro-based entrepreneurs
-Strategies
Assurance of national food security
Increase contribution of the agro-food industry
Complete value chain
Develop human capital
- Performance
The contribution of the agricultural sector to the GDP in 2010 decreased to 7.4%
- National Agricultural Policy 3 (NAP3) (1998-2010)
- Objectives
Enhance food security
Increase productivity & competitiveness
Private sector investment
Enhance export of domestic food production
Deepen linkages with other sectors
Reduce dependency on imports
Venture into frontier areas
- Strategies
- Product-based Approach
- The AgroForestry Approach
- Performance
The contribution of the agricultural sector to the GDP in 2010 decreased to 7.4%
- National Agricultural Policy 2 (NAP2) (1992-1997)
- Objectives
Maximixe income
Achieve balanced development between agricultural & manufacturing sector
Attain higher level of food industry development
- Strategies
Optimization of resources used
Acceleration of agro-based industrial development
Enhancement of R&D
Encouraging greater participation of private sector
Restructuring of marketing approaches
Promoting farmer institution
Developing human resources development
Improving food production
- Performance
Increase in the total value added of this sector for RM 11.9 billion in 1985 to RM16.2 billion in 1995
- National Agricultural Policy 1 (NAP1) (1984-1991)
- Objectives
To maximize income through optimal utilization of resources in the sector Increase the food productionfor local market such as paddy, vegetables, fruits & poultry
- Strategies
Government invested heavily on institutional building
new land developments for oil palm & cocoa
in-situ development to resolve uneconomic farm size & low productivity among small holders
Private sector participation
Support services
- Performance
Agricultural sector grew by 4.6%, vegetable increase by 4% while beef production increase by 1.9%
- Development Of Agricultural Sector
- Pre-independence Period (1800-1957)
- Post-independence Period (1958-1970)
- New Economic Policy (NEP) Period (1971-1990)
- Vision 2020 Period (1991-2020)