Affiliation:
1. School of Social Sciences, Universiti Sains Malaysia
Abstract
For a substantial portion of the world, particularly in rural areas where agriculture is the primary source of income, the agricultural sector plays a significant role. However, in high-income countries, the contribution of agriculture to the Gross Domestic Product (GDP) is generally lower, often less than 5%. The reason for this is that these countries have a more diverse economic structure and advanced industrial and service sectors. Malaysia has ideal climatic and soil conditions that are well-suited for the palm oil industrial market. Then, how does the agricultural sector contribute to employment and the SDGs? Furthermore, the implementation of sustainable practices has implications for the economy, technological advancements, challenges, and future opportunities. This study is a comparative study that focusses on the economic issues within the agricultural sector of Malaysia.