Logged out
Access All our Essays in an Instant
Swap your work for FREE access, or pay £4.99 for instant access
Understanding the Malaysian Economic Environment - a characterization of Malaysia's economic role in the Pacific Asia region.
Member rating: No Rating | Words: | Submitted: Mon Jun 19 2006
Page Preview
On the left is an image preview of every page of this document, and below are the first 150 words with formatting removed:
Understanding the Malaysian Economic Environment - a characterization of Malaysia's economic role in the Pacific Asia region 1 1 Introduction The global environment is experiencing unprecedented events that had widespread implications to the world's economic situation. Despite this challenging environment, Malaysia has managed to avoid the major economic downturn. Bank Negara's report shows that growth rate for 2001 remained in positive at 0.4%, unemployment rate was contained below 4% and inflation rate was low at 1.4%. The structure of economy in Malaysia has diversified from agricultural to industrialization country since its independence in 1957. During the 1970s, Malaysia government's development strategy was based on the New Economic Policy (NEP), which emphasized on the distribution of wealth between the indigenous and non-indigenous groups, alleviation of rural poverty and expansion of health and education to provide wider opportunities for the poor. The National Development Policy (NDP) was then announced in 1991 and succeeded...
Get instant access
- Instant, unlimited access to our documents in full
- Swap your work for free access, or pay £4.99
- To see the full version of this document and 149,488 others
