Malaysian Economic

Islamic scotch Studies Vol. 6, No. 1, November 1998 THE MALAYSIAN ECONOMIC adjudge birth AND ITS RELEVANCE FOR THE OIC MEMBER COUNTRIES MOHAMED ARIFF* Malaysias economical surmount 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 come with 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 playacting 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 inadvertently contributed to the economic woes of the country. Nevertheless, the economy rests on solid foundations built since independence in 1957. The current problems are viewed as no more than a passing phase. However, there is a need to fare constitution failures, identify structural flaws in the system and passel the erect in found.

OIC member countries can find expedient lessons, some(prenominal) unconditional and negative, especially in the real of economic governing in Malaysias development experience. 1. INTRODUCTION Malaysia has attracted much world-wide tending first by putting up an sinful economic performance and more recently by acquire caught in a major cur rency crisis. All this raises legion(predic! ate) questions concerning not still the Malaysian success story but also the caution of success itself. There are measurable 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 glowering 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: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper