Essay Economic Growth In Malaysia Movie

Country Report

Juice in Malaysia

Feb 2018

Due to the weakening of the currency and poor consumer sentiment, juice recorded a decline in both volume and current value terms in 2017. Nonetheless, the category continued to observe new product innovation, as juice is perceived as a healthier ...

Country Report

RTD Tea in Malaysia

Feb 2018

RTD tea recorded declines in both retail volume and current value terms in 2017, due to poor consumer sentiment. Amidst this decline, players actively conducted aggressive marketing efforts, with an increased focus on new products catering to ...

Country Report

Footwear in Malaysia

Feb 2018

Malaysians are increasingly seeking footwear products that are not only stylish but also specifically designed to provide greater comfort for the wearer. In 2017, this trend continued to support strong demand for orthopaedic shoes from highly ...

Country Report

Hosiery in Malaysia

Feb 2018

Hosiery in Malaysia is a mature category that no longer has the capacity for significant expansion. As a result, current value growth rates for both sheer hosiery and non-sheer hosiery in 2017 were relatively modest. Maturity also meant that ...

Country Report

Jeans in Malaysia

Feb 2018

Casual dressing styles are becoming increasingly popular in Malaysia, with many consumers now choosing to wear tops, blouses or shirts with jeans both at work and during their leisure time. This trend continued to support steady growth in jeans ...

Country Report

Menswear in Malaysia

Feb 2018

More affordable menswear ranges from brands like Padini, Brands Outlet and LOL proved increasingly popular in Malaysia in 2017. The success of such ranges reflected the fact that male consumers in the country tend to be quite cost-conscious when it ...

Country Report

Sportswear in Malaysia

Feb 2018

The athleisure trend, whereby people favour sports and sports-inspired apparel and footwear for day-to-day casual wear, had a positive impact on the development of sportswear in Malaysia in 2017. This trend continued to gain momentum in line with the...

Malaysian Economy Essay

INTRODUCTIONS

In this assignment I will analysis the performance of the Malaysian economy for the past 10 years between 1993 and 2002. The analysis will be divided into two eras, pre (from 1993 to 1996) and post (1997 to 2002) Asian Financial Crisis. I will also examine and analyse the government polices implemented during the period of review. And in the process identify whether the government's intervention had caused a positive or negative effect on the growth of economy. In other words, what are the costs and benefits of their intervention in the country's economy growth? In closing, I will conclude by stating could the Malaysian government have acted in other and better ways?

DATA

This study is carried out in the context of the Malaysian economy, for the period between 1993 and 2002. The key economic data were obtained from various sources; Gross Domestic Product (GDP), National Accounts from the Central Bank (Bank Negara Malaysia), Asian Development Bank and other statistics i.e. Inflation and Unemployment rates from the Malaysian Statistics Department. The GDP figures presented are based on the 1987 constant price.

In the presentation of the GDP data, I would categorise the industries into four major components; agricultural, mining, manufacturing and services and present their shares to the economic growth, as well as the industry's growth rate itself by year-on-year (yoy). The other data used in the assignment are the federal government finance and debt, inflation rate, unemployment rate, current account balances, gross domestic investments, gross domestic savings, merchandise export and import. All variables are expressed in logarithmic form. Tables and graphs are used to illustrate the data.

BRIEF ECONOMY OVERVIEW

The structural transformation of Malaysia's economy since it gained independence from the British in 1957 has been pretty spectacular. Although it is fortunate because of its wealth in mineral resources and fertile soils, Malaysia still took decisive steps to strive for progress and development. Its independence on agriculture and primary commodities during 1960s shifted and it has become an export-driven economy spurred on by high technology along with knowledge-based and capital intensive industries.

From being the world's largest producer of rubber and tin, Malaysia is today one of the world's leading exporters of electronic and electrical goods. Its manufacturing sector's contribution to the Malaysia's GDP grew from 26% to 32% [Table 1.1] between 1993 and 2003. This sector is today the key driver of growth in the Malaysian economy. Besides manufacturing, other principal sectors would be agriculture, mining and construction. The other sector that is being...

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