Natural capital as inclusive wealth for malaysia: A review

Md Anowar Hossain Bhuiyan, Shaharuddin Mohamad Ismail, Chamhuri Siwar

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

Natural capital used to indicate the contribution of natural resources for economic and social well beings of a country. Inclusive wealth gives emphasize on all capitals for ensuring sustainability and improvement of human well-being. The country is one of the most resource-rich countries in the world has sufficient preserve of valuable natural capital such as fresh water, forest reserve, agriculture land, fisheries, fossil fuel and mineral resources. The aim of this paper is to provide essential background information regarding the natural capital of Malaysia. The paper also identifies the potentials of natural capital for the country's well-beings. The study used secondary sources to attain the objectives. Malaysia has highest amount total wealth ($ 46,688 per capita) and natural capital ($ 9,103 per capita) within the ASEAN countries. The study reveals that Malaysia can attract huge foreign investment to develop the mineral resources. The total production and treatment capacity of water are increasing year by year to meet the excess demand of freshwater. Forest resources provide a wide variety of social, economic and environmental benefits for Malaysia. Total fishing productions are 1732.38 thousand tons in 2008 with total value of RM 6717.30 million. Agriculture land can reduce unemployment and give focus on poverty eradication between the rural people. There are several steps and initiatives may be taken to explore and utilize the natural capital in sustainable manner and ensure well-beings in Malaysia. These are to formulate and implement proper policy, take government program to ensure maximum benefits from natural capital, ensure government directly involved in productive activities and distribution of natural capital, highly encourage the private sector involvement in natural capital for sustainable utilization and people well-being and develop the partnerships between all related stockholders. Finally, partnerships will enhance the positive impacts from natural capital as well as socio-economic well-beings.

Original languageEnglish
Pages (from-to)3181-3187
Number of pages7
JournalAdvances in Environmental Biology
Volume7
Issue number11
Publication statusPublished - Oct 2013

Fingerprint

natural capital
Malaysia
Economics
mineral resources
mineral resource
socioeconomics
natural resource economics
Fresh Water
Agriculture
Minerals
agriculture
unemployment
governmental programs and projects
ASEAN
private sector
forest reserves
Government Programs
forest resources
fossil fuels
forest resource

Keywords

  • Development
  • Inclusive wealth
  • Malaysia
  • Natural capital

ASJC Scopus subject areas

  • Agricultural and Biological Sciences(all)
  • Environmental Science(all)

Cite this

Bhuiyan, M. A. H., Mohamad Ismail, S., & Siwar, C. (2013). Natural capital as inclusive wealth for malaysia: A review. Advances in Environmental Biology, 7(11), 3181-3187.

Natural capital as inclusive wealth for malaysia : A review. / Bhuiyan, Md Anowar Hossain; Mohamad Ismail, Shaharuddin; Siwar, Chamhuri.

In: Advances in Environmental Biology, Vol. 7, No. 11, 10.2013, p. 3181-3187.

Research output: Contribution to journalArticle

Bhuiyan, MAH, Mohamad Ismail, S & Siwar, C 2013, 'Natural capital as inclusive wealth for malaysia: A review', Advances in Environmental Biology, vol. 7, no. 11, pp. 3181-3187.
Bhuiyan MAH, Mohamad Ismail S, Siwar C. Natural capital as inclusive wealth for malaysia: A review. Advances in Environmental Biology. 2013 Oct;7(11):3181-3187.
Bhuiyan, Md Anowar Hossain ; Mohamad Ismail, Shaharuddin ; Siwar, Chamhuri. / Natural capital as inclusive wealth for malaysia : A review. In: Advances in Environmental Biology. 2013 ; Vol. 7, No. 11. pp. 3181-3187.
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