Economy

Malaysia is a southernmost-East Asian country separated into deuce regions by the South China Sea. The two parts are Peninsular Malaysia and Malaysian Borneo. Kuala Lumpur is its capital city. As of 2009, Malaysias thoroughgoing population stands at over 28 million. Its neighboring countries implicate Thailand, Indonesia, Singapore, and Brunei. Malaysia, the place called Truly Asia. It lies on the Southeastern Asian peninsula bordering Indonesia, Brunei, and the South China Sea. Its filled with different Asian cultures from Malay, Chinese, Borneo and another(prenominal) indigenous groups. Having no or little issues about social upheavals, corruptions and such being published in international media, Malaysia continues to be a puzzling country known for its present indispensable splendor as it continues to flourish as one of Asias leading countries. However, knowing its experiences that led to its present growth is whats really interesting about this country. After gaining independence from Britain in 1957, it was noted that the Chinese was the chief force in Malaysias economy. In the 1960s, Malaysias economy was dependent on exports of sylvan goods. During this period annual Gross Domestic Product increases on an average rate of 6 percent per year.



Then in the late 1960s racial pressure started and caused the creation of the tender Economic Policy which aimed to ensure that by 1990s at least 20% of the economy must be controlled by ethnic Malays. In the 1970s, high deflation and mismanagement of government green light caused its economy to experience severe economic downturn. By 1985, recess having negative 1.2 percent GDP growth was experienced. As resolution to the downfall of the economy, the government shifted its focus from the agriculture sector to the manufacturing sector. It liberalized overseas equity ownership from 10 to 20...If you want to get a full essay, order it on our website: Orderessay



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