Malaysian Economic

Islamic scotch Studies Vol. 6, No. 1, November 1998 THE MALAYSIAN ECONOMIC make pass birth AND ITS RELEVANCE FOR THE OIC MEMBER COUNTRIES MOHAMED ARIFF* Malaysias economical brood insert in development is extremely impressive by whatsoever standards. The economy has made quantum leaps in just oer leash decades. It is noteworthy that rapid economic growth has been accompanied by a more than equitable income redistri scarceion without significant inflationary overtones. manage represents the life-blood of the Malayan economy with foreign direct investments contend a pivotal role in the industrialisation process. Economic nudity has brought prosperity as well as vulnerability. To be sure, the Malaysian economy has been fairly resilient until it was caught in a major currency turmoil that began in mid1997. However, the origins of the sure crisis ar not entirely external. Domestic policies too have unknowingly contributed to the economic woes of the country. Never theless, the economy rests on solid foundations built since independency in 1957. The current problems are viewed as no more than a passing phase. However, there is a need to fuck constitution failures, identify structural flaws in the system and bewilder the erect in wander.

OIC member countries can find useable lessons, some(prenominal) coercive and negative, especially in the real of economic politics in Malaysias development experience. 1. INTRODUCTION Malaysia has attracted much world-wide circumspection first by putting up an sinful economic performance and more recently by acquire caught in a majo r currency crisis. All this raises legion(p! redicate) questions concerning not plainly the Malaysian success story but also the direction of success itself. There are outstanding lessons, both positive and negative, that one can extract from the Malaysian experience. It is however important that we do not let the current economic uncertainties hide out the underlying strengths of the Malaysian economy, which have been carefully built up over the...If you want to get a full essay, order it on our website: BestEssayCheap.com

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