Critically discuss the socio-economic trends as a determinant of the Malaysian
The demand for schooling would be determined by the size of the household. Child labor demand, urban living conditions, and the child's involvement in the family's economic well-being all impact schooling demand. The Malaysian government has made enormous investments in education. According to the UNESCO Institute of Education Statistics, Malaysian government expenditure on education as a percentage of GDP was the highest when compared to Singapore and Thailand.
By studying the effects of various education levels on economic growth, the education level in Malaysia has the biggest impact. The government is more efficient and successful with its education spending by focusing on the degree of education that has the greatest influence on economic growth. It adds to Malaysia's economic growth and helps the country to remain competitive while also accomplishing the government's long-term aim of being a global education hub.