This has been further exacerbated by the low value addition of the agriculture sector in the economy. While the contribution of the crop sector amounts only to 14 percent of GDP, the individual contribution by the sub-crops has been negligible with tea contributing 1 percent, rubber 0.4 percent, coconut 1 percent and paddy 3 percent. Hence, even if the output of agriculture is doubled, it would not make a significant contribution to country’s wealth creation. If agriculture has its limited capacity for an accelerated growth, why not concentrate on industry? This may be a pertinent issue to be addressed at this stage. Certainly, unlike the agriculture, which is faced with the limitation of land, industry does not have any capacity or demand limitations. The nonavailability of raw materials or essential inputs or even the domestic demand for the output does no longer inhibit industrial growth. With globalization of trade and services and the advancements in information and communication technology (ICT), the previous bottlenecks for industrial growth have been efficiently sorted out. In today’s context, industrial outputs do not belong to a particular nation or country. They are jointly held products to which many nations or countries would have contributed.
These collections that have been built since the earliest days of our Bank over a period of more than five decades aim to foster greater understanding on the history of our currencies and of our economy and financial system, and also represents our support to contemporary art in Malaysia and thus contribute towards preserving the heritage of our country. Allow me now to invite Yang Amat Berhormat, Dato’ Sri Mohd. Najib bin Tun Haji Abdul Razak to deliver his address and to officially launch Sasana Kijang. 2  BIS central bankers’ speeches